Lobo EV Technologies (NASDAQ:LOBO) Stock Price Up 7.7% – Still a Buy?

Lobo EV Technologies Ltd. (NASDAQ:LOBO) shares were up 7.7% during mid-day trading on Thursday . The stock traded as high as $1.29 and last traded at $1.26. Approximately 41,459 shares changed hands during mid-day trading, an increase of 212% from the average daily volume of 13,287 shares. The stock had previously closed at $1.17.

Lobo EV Technologies Stock Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.31 and a quick ratio of 0.74. The firm’s 50 day simple moving average is $1.46 and its 200-day simple moving average is $1.93.

Hedge Funds Weigh In On Lobo EV Technologies

An institutional investor recently bought a new position in Lobo EV Technologies stock. Citadel Advisors LLC bought a new stake in Lobo EV Technologies Ltd. (NASDAQ:LOBO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 16,384 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned approximately 0.21% of Lobo EV Technologies at the end of the most recent quarter.

Lobo EV Technologies Company Profile

Lobo EV Technologies Ltd. designs, develops, manufactures, and sells e-bicycles, e-mopeds, e-tricycles, and electric off-highway four-wheeled shuttles in the People’s Republic of China. The company operates through two segments, Electric Vehicles and Accessories Sales, and Software Royalties and Development and Design Services.