Nano Labs Ltd. Sponsored ADR (NASDAQ:NA - Get Free Report) shares were up 5.7% on Thursday . The company traded as high as $5.24 and last traded at $5.20. Approximately 123,036 shares traded hands during trading, a decline of 42% from the average daily volume of 210,611 shares. The stock had previously closed at $4.92.
Analysts Set New Price Targets
Separately, Wall Street Zen raised Nano Labs to a "hold" rating in a research note on Saturday, July 12th.
Read Our Latest Stock Report on Nano Labs
Nano Labs Stock Up 5.7%
The company has a 50-day simple moving average of $5.70 and a 200-day simple moving average of $5.90. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.81 and a quick ratio of 1.76.
Nano Labs Company Profile
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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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