Lobo EV Technologies (NASDAQ:LOBO) Stock Price Up 7.7% – Should You Buy?

Shares of Lobo EV Technologies Ltd. (NASDAQ:LOBO) rose 7.7% during trading on Thursday . The stock traded as high as $1.29 and last traded at $1.26. Approximately 41,459 shares were traded during mid-day trading, an increase of 212% from the average daily volume of 13,287 shares. The stock had previously closed at $1.17.

Lobo EV Technologies Stock Up 7.7 %

The firm’s 50-day moving average is $1.46 and its 200 day moving average is $1.93. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.31 and a quick ratio of 0.74.

Institutional Trading of Lobo EV Technologies

A hedge fund recently bought a new stake in Lobo EV Technologies stock. Citadel Advisors LLC purchased a new stake in Lobo EV Technologies Ltd. (NASDAQ:LOBO) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 16,384 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned about 0.21% of Lobo EV Technologies at the end of the most recent reporting period.

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.