UTime (NASDAQ:WTO) Stock Price Down 1.5% – What’s Next?

UTime Limited (NASDAQ:WTO) shares traded down 1.5% during mid-day trading on Friday . The stock traded as low as $0.5667 and last traded at $0.5980. 89,730 shares were traded during mid-day trading, a decline of 81% from the average session volume of 479,169 shares. The stock had previously closed at $0.6070.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WTO. Weiss Ratings restated a “sell (e+)” rating on shares of UTime in a research report on Tuesday. Wall Street Zen raised shares of UTime to a “sell” rating in a research note on Saturday, November 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, UTime presently has a consensus rating of “Sell”.

UTime Price Performance

The stock’s 50-day simple moving average is $0.86 and its 200 day simple moving average is $52.16.

About UTime

UTime Limited, together with its subsidiaries, designs, develops, manufactures, sells, and operates mobile phones, accessories, and related consumer electronics. The company offers consumer electronics, such as power banks, bluetooth speakers, batteries, chargers, cell phone parts, molds, and shells. It provides electronics manufacturing services, including original equipment manufacturer and original design manufacturer services. It sells its products under the UTime and Do brand names in South America, South Asia, Southeast Asia, and Africa.