WeRide Inc. (NASDAQ:WRD - Get Free Report) shares were down 5.5% on Friday . The stock traded as low as $8.01 and last traded at $8.06. Approximately 4,244,700 shares were traded during trading, a decline of 45% from the average daily volume of 7,727,379 shares. The stock had previously closed at $8.53.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered shares of WeRide from a "hold" rating to a "sell" rating in a research report on Saturday, June 7th.
Check Out Our Latest Research Report on WeRide
WeRide Stock Performance
The business's 50-day moving average is $8.81.
WeRide (NASDAQ:WRD - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The company reported ($0.18) EPS for the quarter. The firm had revenue of $9.98 million for the quarter. As a group, equities analysts predict that WeRide Inc. will post -0.68 earnings per share for the current fiscal year.
WeRide declared that its board has approved a stock buyback plan on Wednesday, May 21st that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board of directors believes its shares are undervalued.
Institutional Trading of WeRide
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC acquired a new stake in WeRide in the 1st quarter worth $27,000. Gordian Capital Singapore Pte Ltd acquired a new stake in WeRide in the 1st quarter worth $56,000. OLD Mission Capital LLC acquired a new stake in WeRide in the 1st quarter worth $182,000. Concurrent Investment Advisors LLC acquired a new stake in WeRide in the 1st quarter worth $201,000. Finally, Virtu Financial LLC bought a new stake in WeRide in the 1st quarter valued at $723,000.
About WeRide
(
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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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