U-BX Technology (NASDAQ:UBXG) Shares Down 0.7% – Here’s Why

U-BX Technology Ltd. (NASDAQ:UBXG) fell 0.7% during trading on Wednesday . The stock traded as low as $1.95 and last traded at $1.9850. 8,764 shares were traded during trading, a decline of 54% from the average session volume of 19,007 shares. The stock had previously closed at $2.00.

Wall Street Analysts Forecast Growth

UBXG has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of U-BX Technology from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Weiss Ratings reiterated a “sell (e+)” rating on shares of U-BX Technology in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

U-BX Technology Trading Down 0.7%

The business’s 50-day simple moving average is $2.03 and its 200 day simple moving average is $2.76.

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.