Shares of WeRide Inc. (NASDAQ:WRD - Get Free Report) fell 4.2% during trading on Wednesday . The company traded as low as $8.12 and last traded at $8.23. 2,537,978 shares were traded during mid-day trading, a decline of 67% from the average session volume of 7,664,118 shares. The stock had previously closed at $8.59.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised WeRide from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th.
Check Out Our Latest Stock Analysis on WRD
WeRide Stock Performance
The company has a 50 day moving average of $8.76. The company has a current ratio of 13.60, a quick ratio of 13.10 and a debt-to-equity ratio of 0.01.
WeRide (NASDAQ:WRD - Get Free Report) last released its earnings results on Wednesday, May 21st. The company reported ($0.18) earnings per share for the quarter. The company had revenue of $9.98 million for the quarter. On average, equities research analysts predict that WeRide Inc. will post -0.68 earnings per share for the current fiscal year.
WeRide announced that its board has authorized a share buyback program on Wednesday, May 21st that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC acquired a new position in shares of WeRide in the first quarter worth approximately $27,000. Gordian Capital Singapore Pte Ltd acquired a new position in shares of WeRide in the first quarter worth approximately $56,000. OLD Mission Capital LLC acquired a new position in shares of WeRide in the first quarter worth approximately $182,000. Concurrent Investment Advisors LLC acquired a new position in shares of WeRide in the first quarter worth approximately $201,000. Finally, Virtu Financial LLC acquired a new position in shares of WeRide in the first quarter worth approximately $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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