WeRide (NASDAQ:WRD – Get Free Report) announced that its board has approved a stock repurchase plan on Wednesday, May 21st, RTT News reports. The company plans to buyback $0.00 in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.
WeRide Stock Up 21.4%
WRD stock opened at $10.26 on Thursday. WeRide has a 12 month low of $6.03 and a 12 month high of $44.00. The company’s 50 day simple moving average is $10.54.
WeRide (NASDAQ:WRD – Get Free Report) last released its earnings results on Wednesday, May 21st. The company reported ($0.18) EPS for the quarter. Equities analysts predict that WeRide will post -0.68 earnings per share for the current fiscal year.
About WeRide
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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