Lobo EV Technologies (NASDAQ:LOBO) Shares to Reverse Split on Tuesday, November 17th

Shares of Lobo EV Technologies Ltd (NASDAQ:LOBO) are going to reverse split on the morning of Tuesday, November 17th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, November 16th.

Lobo EV Technologies Trading Down 8.3%

Shares of Lobo EV Technologies stock traded down $0.03 on Friday, reaching $0.33. 136,837 shares of the stock were exchanged, compared to its average volume of 2,430,895. The business has a 50 day moving average price of $0.49 and a two-hundred day moving average price of $0.60. Lobo EV Technologies has a twelve month low of $0.33 and a twelve month high of $1.48.

Lobo EV Technologies (NASDAQ:LOBO) last issued its earnings results on Saturday, September 19th. The company reported ($0.04) EPS for the quarter. The company had revenue of $7.29 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Lobo EV Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 30th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Lobo EV Technologies currently has an average rating of “Sell”.

Lobo EV Technologies Company Profile

Lobo EV Technologies Limited is a China-based manufacturer of electric vehicles and related mobility products. The company focuses on the research, development, production and sale of low-speed electric vehicles designed for personal transportation and short-distance mobility. Its product offerings include electric bicycles, electric tricycles, electric scooters and other electric-powered vehicles. Lobo also provides related components and accessories for its vehicles, supporting customers in a range of transportation and utility applications.