Webus International (NASDAQ:WETO) Trading 6.3% Higher – What’s Next?

Webus International Limited (NASDAQ:WETO) rose 6.3% on Wednesday . The stock traded as high as $0.5186 and last traded at $0.4920. Approximately 29,561 shares traded hands during trading, an increase of 142% from the average daily volume of 12,226 shares. The stock had previously closed at $0.4630.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Webus International in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Webus International presently has a consensus rating of “Sell”.

Webus International Stock Up 6.3%

The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.04. The firm’s 50-day moving average price is $0.59 and its 200 day moving average price is $1.17.

About Webus International

Webus International Ltd. operates as a holding company. It engages in the provision of mobility solutions with artificial intelligence augmented online support and itinerary management support. The firm offers commute shuttle, customized chartered bus, packaged tour, and other services to customers. The company was founded on February 10, 2022 and is headquartered in Hangzhou, China.