Ebang International (NASDAQ:EBON) Stock Price Up 5% – Still a Buy?

Shares of Ebang International Holdings Inc. (NASDAQ:EBON) rose 5% during trading on Tuesday . The company traded as high as $3.60 and last traded at $3.54. Approximately 3,228 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 4,532 shares. The stock had previously closed at $3.37.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Ebang International in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Ebang International Stock Performance

The company has a fifty day simple moving average of $4.18 and a two-hundred day simple moving average of $4.13.

Institutional Trading of Ebang International

An institutional investor recently raised its position in Ebang International stock. Susquehanna International Group LLP boosted its stake in shares of Ebang International Holdings Inc. (NASDAQ:EBON) by 18.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 23,474 shares of the company’s stock after buying an additional 3,733 shares during the period. Susquehanna International Group LLP’s holdings in Ebang International were worth $108,000 as of its most recent filing with the SEC. 1.15% of the stock is owned by institutional investors.

About Ebang International

Ebang International Holdings Inc, through its subsidiaries, engages in the research, design, and development of application-specific integrated circuit chips and manufacture of Bitcoin mining machines under the Ebit brand in Singapore, Hong Kong, Australia, the Bahamas, and internationally. It also provides mining machine hosting services; and engages in the development of proprietary cryptocurrency exchange platform.