Webus International (NASDAQ:WETO) Trading Down 2.1% - Here's Why

Key Points

• Webus International's stock price fell 2.1% to a trading low of $2.21 amid lower trading volume, indicating potential market concerns.
• The fifty-day moving average for Webus International is $1.99, while the two-hundred-day moving average is $2.92, signaling a bearish trend over the longer term.
• Analysts upgraded Webus International to a "hold" rating as of July 18th, suggesting a cautious outlook amid recent stock performance.

Webus International Limited (NASDAQ:WETO - Get Free Report)'s share price fell 2.1% during trading on Tuesday . The company traded as low as $2.21 and last traded at $2.28. 76,489 shares traded hands during trading, a decline of 6% from the average session volume of 81,556 shares. The stock had previously closed at $2.33.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Webus International to a "hold" rating in a report on Friday, July 18th.

Webus International Trading Down 2.6%

The stock has a fifty day moving average of $2.03 and a 200 day moving average of $2.89.

Webus International Company Profile

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.