Webus International (NASDAQ:WETO) Trading Down 7.4% – Here’s What Happened

by · The Cerbat Gem

Webus International Limited (NASDAQ:WETO – Get Free Report)’s share price fell 7.4% during trading on Tuesday . The stock traded as low as $0.7850 and last traded at $0.8725. 110,829 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 164,067 shares. The stock had previously closed at $0.9420.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Webus International in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Webus International has an average rating of “Sell”.

Get Our Latest Analysis on WETO

Webus International Stock Performance

The company has a 50 day moving average price of $0.82 and a two-hundred day moving average price of $0.69.

Webus International (NASDAQ:WETO – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $0.68 million for the quarter.

Webus International Company Profile

(Get Free Report)

Webus International Ltd. operates as a holding company. It engages in the provision of mobility solutions with artificial intelligence augmented online support and itinerary management support. The firm offers commute shuttle, customized chartered bus, packaged tour, and other services to customers. The company was founded on February 10, 2022 and is headquartered in Hangzhou, China.

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