Lobo EV Technologies (NASDAQ:LOBO) Stock Scheduled to Reverse Split on Tuesday, November 17th

Shares of Lobo EV Technologies Ltd (NASDAQ:LOBO) are scheduled to reverse split before the market opens on Tuesday, November 17th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, November 16th.

Lobo EV Technologies Price Performance

LOBO traded down $0.03 during trading on Friday, hitting $0.33. The stock had a trading volume of 136,837 shares, compared to its average volume of 2,430,895. The stock has a 50 day simple moving average of $0.49 and a two-hundred day simple moving average of $0.60. Lobo EV Technologies has a twelve month low of $0.33 and a twelve month high of $1.48.

Lobo EV Technologies (NASDAQ:LOBO) last issued its quarterly earnings data on Saturday, September 19th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $7.29 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Lobo EV Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 30th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has an average rating of “Sell”.

Lobo EV Technologies Company Profile

Lobo EV Technologies Limited is a China-based manufacturer of electric vehicles and related mobility products. The company focuses on the research, development, production and sale of low-speed electric vehicles designed for personal transportation and short-distance mobility. Its product offerings include electric bicycles, electric tricycles, electric scooters and other electric-powered vehicles. Lobo also provides related components and accessories for its vehicles, supporting customers in a range of transportation and utility applications.