Webus International (NASDAQ:WETO) Trading Down 0.2% – Time to Sell?

Webus International Limited (NASDAQ:WETO)’s stock price dropped 0.2% during mid-day trading on Wednesday . The company traded as low as $0.5905 and last traded at $0.6160. Approximately 7,249 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 14,820 shares. The stock had previously closed at $0.6173.

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 research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Webus International presently has an average rating of “Sell”.

Webus International Trading Down 0.2%

The business has a 50-day moving average price of $0.81 and a two-hundred day moving average price of $1.42. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.04.

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.