WeRide (NASDAQ:WRD - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Sunday.
WeRide Stock Up 2.2%
Shares of WRD stock traded up $0.19 during mid-day trading on Friday, hitting $8.78. 7,149,097 shares of the stock traded hands, compared to its average volume of 7,705,391. WeRide has a twelve month low of $6.03 and a twelve month high of $44.00. The stock's 50-day simple moving average is $8.71. The company has a debt-to-equity ratio of 0.01, a quick ratio of 13.10 and a current ratio of 13.60.
WeRide (NASDAQ:WRD - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The company reported ($0.18) earnings per share (EPS) for the quarter. The firm had revenue of $9.98 million during the quarter. Equities analysts expect that WeRide will post -0.68 earnings per share for the current fiscal year.
WeRide declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 21st that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.
Hedge Funds Weigh In On WeRide
Hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC acquired a new position in shares of WeRide in the 1st quarter worth $27,000. Gordian Capital Singapore Pte Ltd acquired a new position in shares of WeRide in the 1st quarter worth $56,000. OLD Mission Capital LLC acquired a new position in shares of WeRide in the 1st quarter worth $182,000. Concurrent Investment Advisors LLC acquired a new position in shares of WeRide in the 1st quarter worth $201,000. Finally, Virtu Financial LLC acquired a new position in shares of WeRide in the 1st quarter worth $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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