Ebang International (NASDAQ:EBON – Get Free Report) announced its earnings results on Friday. The company reported ($0.23) earnings per share for the quarter, FiscalAI reports. The company had revenue of $1.96 million for the quarter.
Ebang International Stock Performance
NASDAQ:EBON traded up $0.08 on Friday, hitting $2.02. 3,599 shares of the stock were exchanged, compared to its average volume of 7,291. Ebang International has a fifty-two week low of $1.61 and a fifty-two week high of $5.90. The stock has a fifty day moving average of $2.10 and a 200-day moving average of $2.27.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded shares of Ebang International from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.
Institutional Investors Weigh In On Ebang International
A hedge fund recently raised its stake in Ebang International stock. Susquehanna International Group LLP raised its holdings in shares of Ebang International Holdings Inc. (NASDAQ:EBON – Free Report) by 18.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,474 shares of the company’s stock after acquiring an additional 3,733 shares during the period. Susquehanna International Group LLP’s holdings in Ebang International were worth $108,000 as of its most recent SEC filing. 1.15% of the stock is currently owned by hedge funds and other institutional investors.
About Ebang International
Ebang International Holdings Inc is a China-based technology company that specializes in the design, development and sale of high-performance application-specific integrated circuit (ASIC) miner machines for cryptocurrency mining. In addition to its core hardware business, the company offers blockchain computing services and related technical support, enabling mining operations to optimize efficiency and manage large-scale deployments.
Founded in 2010 and headquartered in Hangzhou, Ebang has established research and development centers in major Chinese cities, including Beijing and Shanghai.
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