WeRide (NASDAQ:WRD - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.
WeRide Price Performance
WRD opened at $8.14 on Friday. WeRide has a one year low of $6.03 and a one year high of $44.00. The company has a current ratio of 13.60, a quick ratio of 13.10 and a debt-to-equity ratio of 0.01. The firm's 50 day moving average is $8.51.
WeRide (NASDAQ:WRD - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The company reported ($0.18) earnings per share (EPS) for the quarter. The business had revenue of $9.98 million for the quarter. On average, equities analysts anticipate that WeRide will post -0.68 EPS for the current fiscal year.
WeRide announced that its board has authorized a stock buyback program on Wednesday, May 21st that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.
Institutional Investors Weigh In On WeRide
Several hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC acquired a new stake in WeRide in the first quarter worth $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of WeRide during the first quarter worth $40,315,000. OLD Mission Capital LLC acquired a new stake in shares of WeRide during the first quarter worth $182,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of WeRide during the first quarter worth $56,000. Finally, Virtu Financial LLC acquired a new stake in shares of WeRide during the first quarter worth $723,000.
WeRide Company Profile
(
Get 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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