UTime (NASDAQ:WTO) Shares Down 12% – What’s Next?

UTime Limited (NASDAQ:WTO)’s stock price dropped 12% during mid-day trading on Thursday . The company traded as low as $0.66 and last traded at $0.6850. Approximately 228,171 shares changed hands during trading, a decline of 84% from the average daily volume of 1,443,841 shares. The stock had previously closed at $0.7783.

Wall Street Analyst Weigh In

Several research analysts have commented on WTO shares. Weiss Ratings restated a “sell (e+)” rating on shares of UTime in a research note on Thursday, October 30th. Wall Street Zen upgraded shares of UTime to a “sell” rating in a research report on Saturday, November 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, UTime presently has an average rating of “Sell”.

UTime Stock Down 12.0%

The firm has a fifty day simple moving average of $1.74 and a two-hundred day simple moving average of $62.79.

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.