EZGO Technologies (NASDAQ:EZGO) Posts Quarterly Earnings Results

EZGO Technologies (NASDAQ:EZGO) announced its earnings results on Friday. The company reported ($26.49) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $3.18 million during the quarter.

EZGO Technologies Stock Performance

Shares of EZGO traded down $0.08 during midday trading on Friday, hitting $1.15. 73,509 shares of the company’s stock traded hands, compared to its average volume of 531,944. EZGO Technologies has a 1 year low of $0.88 and a 1 year high of $1,811.25. The firm’s fifty day moving average is $1.22 and its 200-day moving average is $109.00.

Analysts Set New Price Targets

A number of brokerages have recently commented on EZGO. Weiss Ratings raised shares of EZGO Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research report on Thursday, May 7th. Wall Street Zen raised EZGO Technologies to a “sell” rating in a research note on Saturday, June 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

About EZGO Technologies

EZGO Technologies Ltd., through its subsidiaries, designs, manufactures, rents, and sells e-bicycles and e-tricycles in the People's Republic of China. It operates in three segments: Battery Cells and Packs; E-Bicycles Sales; and Electronic Control System and Intelligent Robots. The company rents and sells lithium batteries under the Hengmao brand; sells, franchises, and operates smart charging piles for e-bicycles and other electronic devices; and sells battery cells and packs. It also designs and sells intelligent robots, and electric vehicle accessories and electronic control systems; and provide after-sales services for e-bicycles, including technical support, parts supply, and sales of peripheral products and derivatives, including raincoats, helmets, and mobile phone brackets.