EZGO Technologies (NASDAQ:EZGO) Shares Scheduled to Reverse Split on Thursday, November 5th

Shares of EZGO Technologies Ltd. (NASDAQ:EZGO) are going to reverse split on the morning of Thursday, November 5th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 4th.

EZGO Technologies Price Performance

EZGO traded down $0.24 on Tuesday, hitting $0.55. 612,220 shares of the company were exchanged, compared to its average volume of 428,796. EZGO Technologies has a 12 month low of $0.50 and a 12 month high of $1,098.75. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.91 and a current ratio of 3.07. The stock’s fifty day moving average is $0.86 and its 200-day moving average is $85.76.

EZGO Technologies (NASDAQ:EZGO) last issued its quarterly earnings results on Friday, August 14th. The company reported ($26.49) EPS for the quarter. The company had revenue of $3.18 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of EZGO Technologies from a “sell (e+)” rating to a “sell (e)” rating in a research report on Friday. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has a consensus rating of “Sell”.

EZGO Technologies Company Profile

EZGO Technologies Ltd. (NASDAQ: EZGO) is a China-based company focused on short-distance transportation and electric mobility products. Through its operating subsidiaries, the company designs, manufactures and sells electric vehicles and related products for personal, commercial and shared transportation applications.

Its product portfolio includes electric bicycles, electric tricycles, electric scooters, electric carts and other low-speed electric vehicles. EZGO also offers battery packs and related components and has developed products intended for uses such as urban transportation, delivery and mobility services.

The company is based in Changzhou, Jiangsu Province, China, and primarily serves the Chinese market through direct sales and distribution channels.