Nano Labs (NASDAQ:NA) Director Nan Hu Sells 4,092 Shares of Stock

Nano Labs Ltd. Sponsored ADR (NASDAQ:NA) Director Nan Hu sold 4,092 shares of Nano Labs stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $2.71, for a total transaction of $11,089.32. Following the transaction, the director directly owned 49,316 shares in the company, valued at approximately $133,646.36. This represents a 7.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Nan Hu also recently made the following trade(s):

• On Friday, April 17th, Nan Hu sold 1,633 shares of Nano Labs stock. The stock was sold at an average price of $2.86, for a total transaction of $4,670.38.
• On Wednesday, April 15th, Nan Hu sold 2,557 shares of Nano Labs stock. The stock was sold at an average price of $3.10, for a total transaction of $7,926.70.
• On Wednesday, April 15th, Nan Hu sold 893 shares of Nano Labs stock. The stock was sold at an average price of $3.14, for a total transaction of $2,804.02.

Nano Labs Stock Performance

Nano Labs stock opened at $2.21 on Thursday. Nano Labs Ltd. Sponsored ADR has a 52 week low of $2.13 and a 52 week high of $31.48. The company’s 50 day moving average price is $2.96 and its two-hundred day moving average price is $3.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.09 and a quick ratio of 2.03.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Nano Labs in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Nano Labs

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC bought a new stake in shares of Nano Labs in the 4th quarter worth approximately $89,000. XTX Topco Ltd raised its holdings in shares of Nano Labs by 40.9% in the 4th quarter. XTX Topco Ltd now owns 36,641 shares of the company’s stock worth $115,000 after purchasing an additional 10,638 shares during the period. Vontobel Holding Ltd. bought a new stake in shares of Nano Labs in the 3rd quarter worth approximately $252,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Nano Labs by 91,223.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 780,817 shares of the company’s stock worth $4,060,000 after purchasing an additional 779,962 shares during the period. Institutional investors own 50.68% of the company’s stock.

About Nano Labs

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. In addition, it engages in the research and development of software. Its customers include enterprises and individual buyers.