Ebang International (NASDAQ:EBON) Stock Price Down 4.1% – Here’s Why

Ebang International Holdings Inc. (NASDAQ:EBONGet Free Report) traded down 4.1% during trading on Friday . The stock traded as low as $5.75 and last traded at $5.78. 26,342 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 36,390 shares. The stock had previously closed at $6.03.

Ebang International Price Performance

The company’s fifty day moving average price is $7.24 and its 200 day moving average price is $6.46.

About Ebang International

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Ebang International Holdings Inc, through its subsidiaries, engages in the research, design, and development of application-specific integrated circuit chips and manufacture of Bitcoin mining machines under the Ebit brand in Singapore, Hong Kong, Australia, the Bahamas, and internationally. It also provides mining machine hosting services; and engages in the development of proprietary cryptocurrency exchange platform.

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