EZGO Technologies (NASDAQ:EZGO) Trading 4.1% Higher – Should You Buy?

EZGO Technologies Ltd. (NASDAQ:EZGO)’s share price traded up 4.1% during mid-day trading on Wednesday . The company traded as high as $1.3350 and last traded at $1.2860. 136,649 shares changed hands during mid-day trading, an increase of 1,704% from the average session volume of 7,573 shares. The stock had previously closed at $1.2350.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of EZGO Technologies in a research note on Thursday, January 22nd. Wall Street Zen cut shares of EZGO Technologies from a “hold” rating to a “sell” rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

EZGO Technologies Price Performance

The company has a current ratio of 3.21, a quick ratio of 3.18 and a debt-to-equity ratio of 0.13. The company’s 50-day simple moving average is $1.46 and its two-hundred day simple moving average is $2.45.

About EZGO Technologies

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. It also designs and sells intelligent robots, and electric vehicle accessories and electronic control systems; and provide after-sales services for e-bicycles, including technical support, parts supply, and sales of peripheral products and derivatives, including raincoats, helmets, and mobile phone brackets.