WeRide Inc. (NASDAQ:WRD - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $9.10, but opened at $9.63. WeRide shares last traded at $9.73, with a volume of 3,857,985 shares.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of WeRide from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th.
View Our Latest Research Report on WRD
WeRide Price Performance
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 has a 50 day simple moving average of $8.75.
WeRide (NASDAQ:WRD - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The company reported ($0.18) earnings per share for the quarter. The business had revenue of $9.98 million during the quarter. Research analysts expect that WeRide Inc. will post -0.68 EPS for the current year.
WeRide announced that its Board of Directors has approved a stock buyback plan on Wednesday, May 21st that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.
Institutional Investors Weigh In On WeRide
Institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC bought a new position in shares of WeRide in the first quarter valued at about $27,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of WeRide in the first quarter valued at about $56,000. OLD Mission Capital LLC bought a new position in shares of WeRide in the first quarter valued at about $182,000. Concurrent Investment Advisors LLC bought a new position in shares of WeRide in the first quarter valued at about $201,000. Finally, Virtu Financial LLC bought a new position in shares of WeRide in the first quarter valued at about $723,000.
About WeRide
(
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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