UTime (NASDAQ:WTO) Trading Down 1.5% – Should You Sell?

UTime Limited (NASDAQ:WTO)’s stock price traded down 1.5% on Friday . The stock traded as low as $0.5667 and last traded at $0.5980. 89,730 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 479,169 shares. The stock had previously closed at $0.6070.

Analysts Set New Price Targets

A number of brokerages recently commented on WTO. Wall Street Zen upgraded shares of UTime to a “sell” rating in a research note on Saturday, November 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of UTime in a report on Tuesday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

UTime Stock Down 1.5%

The firm has a 50 day simple moving average of $0.86 and a two-hundred day simple moving average of $52.16.

UTime Company Profile

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.