WeRide Inc. (NASDAQ:WRD - Get Free Report) saw some unusual options trading activity on Tuesday. Traders bought 17,668 call options on the company. This represents an increase of 137% compared to the typical volume of 7,467 call options.
WeRide Trading Down 2.5%
NASDAQ WRD traded down $0.21 on Friday, hitting $8.04. The company's stock had a trading volume of 6,610,893 shares, compared to its average volume of 7,887,148. WeRide has a 52-week low of $6.03 and a 52-week high of $44.00. The firm's 50-day simple moving average is $8.49. 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 announced its quarterly earnings results on Wednesday, May 21st. The company reported ($0.18) EPS for the quarter. The company had revenue of $9.98 million during the quarter. On average, analysts forecast that WeRide will post -0.68 earnings per share for the current year.
WeRide announced that its Board of Directors has authorized 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 often a sign that the company's management believes its stock is undervalued.
Institutional Trading of WeRide
Institutional investors and hedge funds have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of WeRide during the 1st quarter worth approximately $12,178,000. Concurrent Investment Advisors LLC bought a new stake in shares of WeRide during the first quarter valued at approximately $201,000. Virtu Financial LLC purchased a new stake in WeRide in the first quarter worth $723,000. Gordian Capital Singapore Pte Ltd bought a new position in WeRide in the first quarter worth $56,000. Finally, OLD Mission Capital LLC bought a new position in WeRide in the first quarter worth $182,000.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised WeRide from a "sell" rating to a "hold" rating in a research note on Sunday, June 15th.
View Our Latest Report on WeRide
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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