UTime (NASDAQ:WTO) Trading 10.1% Higher – Here’s Why

UTime Limited (NASDAQ:WTO)’s stock price traded up 10.1% during mid-day trading on Tuesday . The company traded as high as $2.73 and last traded at $2.72. 30,658 shares were traded during mid-day trading, a decline of 70% from the average session volume of 101,795 shares. The stock had previously closed at $2.47.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of UTime in a report on Tuesday, January 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, UTime has an average rating of “Sell”.

UTime Stock Up 10.1%

The stock’s fifty day simple moving average is $3.23 and its two-hundred day simple moving average is $121.42.

UTime (NASDAQ:WTO) last announced its quarterly earnings data on Wednesday, March 18th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $6.99 million for the quarter.

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.