Lobo EV Technologies (NASDAQ:LOBO) Stock Price Up 7.7% – Here’s Why

Lobo EV Technologies Ltd. (NASDAQ:LOBO) rose 7.7% during mid-day trading on Thursday . The company traded as high as $1.29 and last traded at $1.26. Approximately 41,459 shares were traded during 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 Price Performance

The business has a 50 day moving average of $1.45 and a 200-day moving average of $1.92. 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 Trading of Lobo EV Technologies

A hedge fund recently bought a new stake in Lobo EV Technologies stock. Citadel Advisors LLC bought a new position in shares of Lobo EV Technologies Ltd. (NASDAQ:LOBO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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.

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.