Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of WeRide Inc. (NASDAQ:WRD - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 897,394 shares of the company's stock, valued at approximately $12,178,000. Mirae Asset Global Investments Co. Ltd. owned about 0.34% of WeRide at the end of the most recent quarter.
WeRide Price Performance
Shares of WRD opened at $8.03 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 13.60 and a quick ratio of 13.10. The business's 50 day moving average is $8.49. WeRide Inc. has a 52 week low of $6.03 and a 52 week high of $44.00.
WeRide (NASDAQ:WRD - Get Free Report) last announced its earnings results on Wednesday, May 21st. The company reported ($0.18) earnings per share (EPS) for the quarter. The company had revenue of $9.98 million during the quarter. On average, equities analysts anticipate that WeRide Inc. will post -0.68 earnings per share for the current year.
WeRide announced that its board has initiated a stock buyback program on Wednesday, May 21st that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.
Analyst Ratings Changes
Separately, Wall Street Zen raised shares of WeRide from a "sell" rating to a "hold" rating in a research report on Sunday, June 15th.
Read Our Latest Research Report on WeRide
WeRide Company Profile
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Free Report)
WeRide, Inc engages in the development of an autonomous driving technology platform. It offers Robotaxi, Robobus, Robovan, Robosweeper, and advanced driving solutions, providing smart services in online ride-hailing, on-demand transport, urban logistics, and environmental sanitation. The company was founded by Tony Xu Han and Yan Li in February 2017 and is headquartered in Guangzhou, China.
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