Lobo EV Technologies Ltd.’s (NASDAQ:LOBO) Lock-Up Period Will End Tomorrow

Lobo EV Technologies’ (NASDAQ:LOBO) lock-up period will end on Tuesday, September 17th. Lobo EV Technologies had issued 1,380,000 shares in its initial public offering on March 21st. The total size of the offering was $5,520,000 based on an initial share price of $4.00. After the expiration of Lobo EV Technologies’ lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Lobo EV Technologies Stock Down 3.6 %

Shares of NASDAQ:LOBO opened at 1.86 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.78 and a current ratio of 1.21. The company has a 50-day simple moving average of 2.43. Lobo EV Technologies has a 52-week low of 1.75 and a 52-week high of 5.79.

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.