U-BX Technology (NASDAQ:UBXG) Trading Down 1% – Time to Sell?

Shares of U-BX Technology Ltd. (NASDAQ:UBXG) were down 1% during mid-day trading on Friday . The company traded as low as $1.9010 and last traded at $1.93. Approximately 6,043 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 7,487 shares. The stock had previously closed at $1.95.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on UBXG shares. Weiss Ratings reissued a “sell (e+)” rating on shares of U-BX Technology in a report on Wednesday, October 8th. Wall Street Zen downgraded U-BX Technology from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

U-BX Technology Price Performance

The stock has a 50-day simple moving average of $2.07 and a 200 day simple moving average of $2.44.

U-BX Technology Company Profile

U-BX Technology Ltd. focuses on providing value-added services using artificial intelligence-driven technology to businesses in the insurance industry in China. The company offers digital promotion services, risk assessment services, and value-added bundled benefits to property and auto insurance carriers, and insurance brokers. It also provides insurance-related information to individual consumers; and auto maintenance, auto value added, vehicle moving notification, and other services. The company was formerly known as Famingsur Develop Limited and changed its name to U-BX Technology Ltd.