Meiwu Technology (NASDAQ:WNW) Shares Up 3.6% – Should You Buy?

Meiwu Technology Company Limited (NASDAQ:WNW)’s stock price shot up 3.6% during trading on Friday . The company traded as high as $1.58 and last traded at $1.58. 12,434 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 211,280 shares. The stock had previously closed at $1.5250.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Meiwu 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, Meiwu Technology has an average rating of “Sell”.

Meiwu Technology Price Performance

The business has a 50-day simple moving average of $1.59 and a 200-day simple moving average of $1.76.

Meiwu Technology Company Profile

Wunong Net Technology Company Limited, a holding company, engages in the online retail of foods products in China. The company offers green food, organic food, intangible cultural heritage food, agricultural products, and pollution-free products. It also operates a restaurant under the Wunong Food Hall name; and engages in the wholesale of agricultural products. The company was formerly known as Advancement International Limited and changed its name to Wunong Net Technology Company Limited in August 2019.