Ebang International (NASDAQ:EBON) Stock Price Down 1.3% – Here’s What Happened

Ebang International Holdings Inc. (NASDAQ:EBON) fell 1.3% during mid-day trading on Monday . The company traded as low as $2.17 and last traded at $2.1310. Approximately 22,435 shares changed hands during trading, an increase of 521% from the average daily volume of 3,612 shares. The stock had previously closed at $2.16.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Ebang International from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Ebang International Stock Down 6.9%

The stock has a 50 day moving average price of $2.09 and a 200 day moving average price of $2.17.

Ebang International (NASDAQ:EBON) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.23) earnings per share for the quarter. The firm had revenue of $1.96 million during the quarter.

Ebang International Company Profile

Ebang International Holdings Inc is a technology company that historically focused on the design and development of application-specific integrated circuit (ASIC) chips and cryptocurrency mining equipment. Its products have included Bitcoin mining machines and related components, as well as telecommunications products and equipment.

The company was founded in 2010 and is based in Hangzhou, China. Ebang has served customers in China and international markets, and its business has evolved alongside the digital-asset industry.