WeRide Inc. (NASDAQ:WRD - Get Free Report) was up 9.2% during mid-day trading on Tuesday . The company traded as high as $8.20 and last traded at $8.18. Approximately 6,964,404 shares traded hands during trading, a decline of 10% from the average daily volume of 7,777,678 shares. The stock had previously closed at $7.49.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised WeRide from a "sell" rating to a "hold" rating in a report on Sunday, June 15th.
Check Out Our Latest Stock Report on WRD
WeRide Stock Up 7.9%
The firm's fifty day moving average is $8.53. The company has a debt-to-equity ratio of 0.01, a current ratio of 13.60 and a quick ratio of 13.10.
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 firm had revenue of $9.98 million for the quarter. On average, analysts anticipate that WeRide Inc. will post -0.68 EPS for the current year.
WeRide declared that its board has approved a stock buyback program on Wednesday, May 21st that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.
Hedge Funds Weigh In On WeRide
A number of large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC purchased a new stake in WeRide in the 1st quarter worth approximately $27,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of WeRide in the 1st quarter worth $56,000. OLD Mission Capital LLC purchased a new stake in WeRide during the first quarter valued at about $182,000. Concurrent Investment Advisors LLC bought a new stake in WeRide in the 1st quarter worth approximately $201,000. Finally, Virtu Financial LLC bought a new stake in shares of WeRide in the 1st quarter worth approximately $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.
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