Lobo EV Technologies (NASDAQ:LOBO) Trading Up 0.5% – What’s Next?

Shares of Lobo EV Technologies Ltd (NASDAQ:LOBO) were up 0.5% during trading on Friday . The company traded as high as $0.53 and last traded at $0.52. Approximately 108,825 shares changed hands during trading, a decline of 28% from the average daily volume of 150,672 shares. The stock had previously closed at $0.52.

Lobo EV Technologies Trading Up 0.5%

The stock’s 50-day moving average price is $0.73 and its two-hundred day moving average price is $1.13. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.52 and a quick ratio of 0.91.

Institutional Investors Weigh In On Lobo EV Technologies

An institutional investor recently bought a new position in Lobo EV Technologies stock. Citadel Advisors LLC bought a new stake in shares of Lobo EV Technologies Ltd (NASDAQ:LOBO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 16,384 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned approximately 0.21% of Lobo EV Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

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.