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Nano Labs (NASDAQ:NA) Shares Down 2% - Time to Sell?

Nano Labs logo with Computer and Technology background

Nano Labs Ltd. Sponsored ADR (NASDAQ:NA - Get Free Report)'s share price fell 2% during mid-day trading on Monday . The stock traded as low as $7.75 and last traded at $10.18. 181,180 shares changed hands during trading, an increase of 101% from the average session volume of 90,255 shares. The stock had previously closed at $10.39.

Nano Labs Trading Up 2.3%

The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.61 and a current ratio of 1.75. The business's 50 day simple moving average is $5.62 and its 200 day simple moving average is $6.43.

About Nano Labs

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Nano Labs Ltd operates as a fabless integrated circuit design company and product solution provider in the People's Republic of China and internationally. It develops high throughput computing and high-performance computing chips. The company also offers distributed computing and storage solutions, smart network interface cards, and vision computing chips, as well as distributed rendering technology.

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