Mirae Asset Global Investments Co. Ltd. acquired a new stake in WeRide Inc. (NASDAQ:WRD - Free Report) during the 1st quarter, according to the company in its most recent filing with the 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 0.34% of WeRide as of its most recent filing with the SEC.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded WeRide from a "sell" rating to a "hold" rating in a research note on Sunday, June 15th.
View Our Latest Analysis on WRD
WeRide Trading Up 1.5%
NASDAQ:WRD traded up $0.12 during mid-day trading on Thursday, reaching $8.14. The stock had a trading volume of 3,364,946 shares, compared to its average volume of 7,794,166. The company has a 50 day moving average of $8.47. WeRide Inc. has a fifty-two week low of $6.03 and a fifty-two week high of $44.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 13.10 and a current ratio of 13.60.
WeRide (NASDAQ:WRD - Get Free Report) last posted its earnings results on Wednesday, May 21st. The company reported ($0.18) EPS for the quarter. The business had revenue of $9.98 million for the quarter. On average, research analysts forecast that WeRide Inc. will post -0.68 EPS for the current fiscal year.
WeRide announced that its Board of Directors has authorized a share repurchase program on Wednesday, May 21st that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.
About WeRide
(
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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