WeRide (NASDAQ:WRD - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported ($0.18) earnings per share for the quarter, Zacks reports. The business had revenue of $9.98 million during the quarter.
WeRide Stock Performance
Shares of WRD stock traded down $0.97 during midday trading on Monday, hitting $9.11. 17,161,985 shares of the company were exchanged, compared to its average volume of 6,430,995. WeRide has a 52 week low of $6.03 and a 52 week high of $44.00. The firm has a 50 day moving average price of $10.22.
WeRide announced that its board has initiated a share repurchase program on Wednesday, May 21st that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded WeRide from a "sell" rating to a "hold" rating in a research note on Thursday.
Check Out Our Latest Analysis on WRD
Institutional Investors Weigh In On WeRide
A hedge fund recently bought a new stake in WeRide stock. NewEdge Advisors LLC purchased a new stake in WeRide Inc. (NASDAQ:WRD - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,960 shares of the company's stock, valued at approximately $27,000.
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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