EZGO Technologies (NASDAQ:EZGO) Shares Down 5.7% – Should You Sell?

Shares of EZGO Technologies Ltd. (NASDAQ:EZGO) dropped 5.7% on Monday . The stock traded as low as $2.12 and last traded at $2.15. Approximately 56,584 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 124,401 shares. The stock had previously closed at $2.28.

Analyst Ratings Changes

A number of research analysts have commented on EZGO shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of EZGO Technologies in a research report on Wednesday, October 8th. Wall Street Zen upgraded EZGO Technologies to a “sell” rating in a report on Saturday, November 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

EZGO Technologies Trading Down 5.7%

The stock has a fifty day simple moving average of $3.32 and a 200-day simple moving average of $5.94. The company has a current ratio of 2.18, a quick ratio of 1.85 and a debt-to-equity ratio of 0.11.

EZGO Technologies Company Profile

EZGO Technologies Ltd., through its subsidiaries, designs, manufactures, rents, and sells e-bicycles and e-tricycles in the People's Republic of China. It operates in three segments: Battery Cells and Packs; E-Bicycles Sales; and Electronic Control System and Intelligent Robots. The company rents and sells lithium batteries under the Hengmao brand; sells, franchises, and operates smart charging piles for e-bicycles and other electronic devices; and sells battery cells and packs.