Lobo EV Technologies (NASDAQ:LOBO) Stock Price Down 5.3% – Should You Sell?

Lobo EV Technologies Ltd. (NASDAQ:LOBO)’s share price fell 5.3% during trading on Wednesday . The company traded as low as $1.40 and last traded at $1.42. 9,919 shares were traded during trading, a decline of 15% from the average session volume of 11,701 shares. The stock had previously closed at $1.50.

Lobo EV Technologies Trading Down 5.3 %

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.31 and a quick ratio of 0.74. The business’s 50-day simple moving average is $1.65 and its two-hundred day simple moving average is $2.04.

Hedge Funds Weigh In On Lobo EV Technologies

A hedge fund recently bought a new stake in Lobo EV Technologies stock. Citadel Advisors LLC purchased a new stake in shares of Lobo EV Technologies Ltd. (NASDAQ:LOBO) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 16,384 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned about 0.21% of Lobo EV Technologies at the end of the most recent quarter.

About Lobo EV Technologies

Lobo EV Technologies Ltd. designs, develops, manufactures, and sells e-bicycles, e-mopeds, e-tricycles, and electric off-highway four-wheeled shuttles in the People’s Republic of China. The company operates through two segments, Electric Vehicles and Accessories Sales, and Software Royalties and Development and Design Services.