U Power (NASDAQ:UCAR) Stock Rating Lowered by Wall Street Zen

U Power (NASDAQ:UCAR) was downgraded by analysts at Wall Street Zen to a “strong sell” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of U Power in a research report on Monday. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $50.00.

U Power Stock Down 3.0%

U Power stock opened at $1.64 on Friday. The company has a fifty day simple moving average of $5.98 and a 200-day simple moving average of $13.58. U Power has a 12-month low of $0.38 and a 12-month high of $49.80.

Institutional Investors Weigh In On U Power

An institutional investor recently raised its position in U Power stock. Sabby Management LLC raised its holdings in U Power Limited (NASDAQ:UCAR) by 3,943.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 240,260 shares of the company’s stock after purchasing an additional 234,318 shares during the quarter. U Power comprises approximately 0.6% of Sabby Management LLC’s portfolio, making the stock its 11th largest holding. Sabby Management LLC owned about 5.44% of U Power worth $485,000 as of its most recent SEC filing. Institutional investors own 13.21% of the company’s stock.

About U Power

U Power Limited, together with its subsidiaries, engages in the development, manufacture, and sale of new energy vehicles and battery swapping stations in the People's Republic of China. It also offers battery swapping and sourcing, as well as technical and consultation services. The company was founded in 2013 and is headquartered in Wuhu, the People's Republic of China.