WeRide (NASDAQ:WRD - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Sunday.
WeRide Price Performance
Shares of WeRide stock traded down $0.06 during trading on Friday, hitting $7.66. 6,697,810 shares of the stock were exchanged, compared to its average volume of 18,677,766. The company has a current ratio of 13.60, a quick ratio of 13.10 and a debt-to-equity ratio of 0.01. The business's 50-day simple moving average is $8.68. WeRide has a 12-month low of $6.03 and a 12-month high of $44.00.
WeRide (NASDAQ:WRD - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The company reported ($0.18) earnings per share (EPS) for the quarter. The business had revenue of $9.98 million during the quarter. Equities analysts expect that WeRide will post -0.68 EPS for the current fiscal year.
WeRide declared that its Board of Directors has initiated a share buyback plan on Wednesday, May 21st that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC purchased a new stake in WeRide in the first quarter valued at approximately $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of WeRide in the 1st quarter valued at $40,315,000. OLD Mission Capital LLC purchased a new stake in WeRide in the 1st quarter valued at $182,000. Gordian Capital Singapore Pte Ltd purchased a new stake in WeRide in the 1st quarter valued at $56,000. Finally, Virtu Financial LLC acquired a new stake in WeRide during the 1st quarter worth $723,000.
WeRide Company Profile
(
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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.
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