WeBuy Global (NASDAQ:WBUY) Stock Price Up 3.4% – Here’s Why

WeBuy Global Ltd. (NASDAQ:WBUY) shares were up 3.4% during trading on Thursday . The company traded as high as $1.93 and last traded at $1.82. Approximately 966,598 shares traded hands during trading, an increase of 60% from the average daily volume of 603,863 shares. The stock had previously closed at $1.76.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e)” rating on shares of WeBuy Global in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

WeBuy Global Stock Performance

The firm’s fifty day simple moving average is $1.65 and its 200 day simple moving average is $2.83. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.88.

WeBuy Global (NASDAQ:WBUY) last issued its quarterly earnings data on Wednesday, October 29th. The company reported ($4.25) earnings per share (EPS) for the quarter. The firm had revenue of $4.56 million during the quarter.

About WeBuy Global

WeBuy Global Holdings Ltd (NASDAQ: WBUY) is a Cayman Islands–registered e-commerce company that operates a vertically integrated platform for sourcing, marketing and distributing consumer goods to both international and domestic markets. The company is primarily engaged in two business segments: cross-border e-commerce, which focuses on selling factory-direct and overstock products to overseas consumers, and domestic distribution and wholesale, which provides supply-chain and bulk-sales services to retailers and third-party platforms within China.

In its cross-border e-commerce segment, WeBuy Global leverages proprietary online channels and partnerships with major global marketplaces to offer categories such as home and kitchen appliances, furniture and home décor, personal care items and small electronics.