Ebang International (NASDAQ:EBON) Shares Climb 3.6% – What’s Next?

Ebang International Holdings Inc. (NASDAQ:EBON) shares shot up 3.6% during mid-day trading on Tuesday. The stock traded as high as $2.00 and last traded at $1.8960. 7,527 shares were traded during trading, an increase of 46% from the average session volume of 5,171 shares. The stock had previously closed at $1.83.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Ebang International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, September 29th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Ebang International Stock Performance

The firm has a fifty day moving average price of $2.08 and a two-hundred day moving average price of $2.12.

Ebang International (NASDAQ:EBON) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.23) EPS for the quarter. The company had revenue of $1.96 million during the quarter.

About Ebang International

Ebang International Holdings Inc is a blockchain technology and application company that historically focused on the design and development of application-specific integrated circuit (ASIC) chips and cryptocurrency mining machines. The company developed equipment primarily for Bitcoin mining and also provided related mining services and technological solutions.

Before expanding into blockchain-related products, Ebang operated in the telecommunications equipment industry, producing fiber-optic and other network communication products.