WeRide (NASDAQ:WRD) Shares Up 7.6% - Here's What Happened

WeRide Inc. (NASDAQ:WRD - Get Free Report) shares shot up 7.6% on Friday . The company traded as high as $7.26 and last traded at $7.08. 3,694,167 shares traded hands during mid-day trading, an increase of 58% from the average session volume of 2,335,406 shares. The stock had previously closed at $6.58.

WeRide Stock Up 31.7 %

The company has a fifty day moving average of $12.54.

WeRide (NASDAQ:WRD - Get Free Report) last released its quarterly earnings data on Friday, March 14th. The company reported ($0.29) earnings per share for the quarter. The business had revenue of $19.29 million during the quarter. Research analysts forecast that WeRide Inc. will post -0.68 EPS for the current year.

Institutional Investors Weigh In On WeRide

A hedge fund recently bought a new stake in WeRide stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of WeRide Inc. (NASDAQ:WRD - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 897,394 shares of the company's stock, valued at approximately $12,178,000. Mirae Asset Global Investments Co. Ltd. owned about 0.34% of WeRide at the end of the most recent reporting period.

WeRide Company Profile

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.