U-BX Technology (NASDAQ:UBXG) Stock Price Down 3.9% – Here’s Why

Shares of U-BX Technology Ltd. (NASDAQ:UBXG) were down 3.9% on Tuesday . The stock traded as low as $1.82 and last traded at $1.8250. Approximately 5,133 shares changed hands during trading, a decline of 9% from the average daily volume of 5,663 shares. The stock had previously closed at $1.90.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on UBXG. Wall Street Zen lowered shares of U-BX Technology from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Weiss Ratings reissued a “sell (e+)” rating on shares of U-BX Technology in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

U-BX Technology Trading Down 3.9%

The firm’s fifty day moving average price is $1.93 and its 200-day moving average price is $2.18.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in U-BX Technology stock. XTX Topco Ltd purchased a new stake in U-BX Technology Ltd. (NASDAQ:UBXG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,453 shares of the company’s stock, valued at approximately $37,000. XTX Topco Ltd owned 0.08% of U-BX Technology at the end of the most recent quarter.

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.