Lobo EV Technologies (NASDAQ:LOBO) Trading Down 5.3% – Time to Sell?

Lobo EV Technologies Ltd. (NASDAQ:LOBO)’s share price dropped 5.3% during trading on Wednesday . The stock traded as low as $1.40 and last traded at $1.42. Approximately 9,919 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 11,701 shares. The stock had previously closed at $1.50.

Lobo EV Technologies Trading Down 5.3 %

The stock has a 50 day moving average price of $1.65 and a 200 day moving average price of $2.04. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.74 and a current ratio of 1.31.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Lobo EV Technologies stock. Citadel Advisors LLC acquired a new position in Lobo EV Technologies Ltd. (NASDAQ:LOBO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 16,384 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned about 0.21% of Lobo EV Technologies as of its most recent filing with the Securities and Exchange Commission.

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.