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

Lobo EV Technologies Ltd (NASDAQ:LOBO) shares are set to reverse split before the market opens on 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%

Lobo EV Technologies stock traded down $0.03 during mid-day trading on Friday, hitting $0.33. The company’s stock had a trading volume of 136,837 shares, compared to its average volume of 49,062. Lobo EV Technologies has a twelve month low of $0.33 and a twelve month high of $1.48. The stock’s fifty day moving average price is $0.49 and its two-hundred day moving average price is $0.60.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded 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 MarketBeat, the stock presently has a consensus rating of “Sell”.

About Lobo EV Technologies

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.