WeRide (NASDAQ:WRD - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Sunday.
WeRide Stock Down 8.0%
WeRide stock opened at $7.85 on Friday. The stock has a fifty day simple moving average of $8.81. WeRide has a twelve month low of $6.03 and a twelve month high of $44.00.
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 business had revenue of $9.98 million during the quarter. On average, equities analysts anticipate that WeRide will post -0.68 EPS for the current fiscal year.
WeRide announced that its Board of Directors has initiated a share repurchase plan on Wednesday, May 21st that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its stock is undervalued.
Institutional Trading of WeRide
Hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC purchased a new stake in WeRide in the 1st quarter worth approximately $27,000. Gordian Capital Singapore Pte Ltd purchased a new position in shares of WeRide during the first quarter valued at about $56,000. OLD Mission Capital LLC purchased a new stake in shares of WeRide in the first quarter worth 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 purchased a new stake in shares of WeRide during the 1st quarter worth approximately $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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