Webus International (NASDAQ:WETO) Shares Down 2.1% - Time to Sell?

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 stock price was down 2.1% during mid-day trading on Tuesday . The company traded as low as $2.21 and last traded at $2.28. Approximately 76,489 shares traded hands during mid-day trading, a decline of 6% from the average daily volume of 81,556 shares. The stock had previously closed at $2.33.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Webus International to a "hold" rating in a research note on Friday, July 18th.

Webus International Stock Down 2.1%

The business's fifty day simple moving average is $1.99 and its 200 day simple moving average is $2.92.

About Webus International

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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