WeRide Inc. (NASDAQ:WRD - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $7.85, but opened at $8.23. WeRide shares last traded at $8.04, with a volume of 2,552,315 shares trading hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised WeRide from a "sell" rating to a "hold" rating in a research note on Sunday.
View Our Latest Stock Analysis on WRD
WeRide Trading Down 0.8%
The company has a quick ratio of 13.10, a current ratio of 13.60 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $8.68.
WeRide (NASDAQ:WRD - Get Free Report) last posted its earnings results on Wednesday, May 21st. The company reported ($0.18) earnings per share (EPS) for the quarter. The company had revenue of $9.98 million during the quarter. Research analysts forecast that WeRide Inc. will post -0.68 EPS for the current year.
WeRide declared that its board has authorized a stock buyback plan 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. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.
Institutional Investors Weigh In On WeRide
A number of hedge funds and other institutional investors have recently made changes to their positions in WRD. NewEdge Advisors LLC acquired a new position in WeRide in the 1st quarter worth $27,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of WeRide in the first quarter valued at about $56,000. OLD Mission Capital LLC acquired a new position in shares of WeRide during the first quarter worth about $182,000. Concurrent Investment Advisors LLC acquired a new position in shares of WeRide during the first quarter worth about $201,000. Finally, Virtu Financial LLC bought a new position in shares of WeRide during the first quarter worth about $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.
Further Reading
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