U-BX Technology (NASDAQ:UBXG) Shares Down 3.5% – Here’s Why

U-BX Technology Ltd. (NASDAQ:UBXG)’s share price was down 3.5% on Monday . The stock traded as low as $1.90 and last traded at $1.93. Approximately 7,515 shares were traded during mid-day trading, an increase of 10% from the average daily volume of 6,829 shares. The stock had previously closed at $2.00.

Wall Street Analyst Weigh In

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

U-BX Technology Stock Performance

The company has a 50 day simple moving average of $2.00 and a 200 day simple moving average of $2.32.

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.