EZGO Technologies Faces Nasdaq Bid Price Non-Compliance

EZGO Technologies ( (EZGO) ) has shared an announcement.

EZGO Technologies Ltd. has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement, as its share price has been below $1.00 for 30 consecutive business days. The company has a grace period of 180 days to regain compliance, with the possibility of a further 180-day extension if necessary. Although this notice does not immediately affect the company’s Nasdaq listing, EZGO may consider options like a reverse share split to meet the requirements, while its operations remain unaffected.

More about EZGO Technologies

EZGO Technologies Ltd. is a leading provider of short-distance transportation solutions in China, leveraging an Internet of Things (IoT) platform and two e-bicycle brands, ‘EZGO’ and ‘Cenbird.’ The company focuses on the design, manufacturing, and sale of two-and three-wheeled electric vehicles, intelligent robots, and accessories such as batteries and charging piles.

YTD Price Performance: -81.98%

Average Trading Volume: 109,612

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $2.12M

For a thorough assessment of EZGO stock, go to TipRanks’ Stock Analysis page.