Webus International (NASDAQ:WETO) Trading Down 7.4% – What’s Next?

Webus International Limited (NASDAQ:WETO) shares fell 7.4% on Tuesday . The stock traded as low as $0.7850 and last traded at $0.8725. Approximately 110,829 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 164,067 shares. The stock had previously closed at $0.9420.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Webus International in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Webus International has a consensus rating of “Sell”.

Webus International Trading Down 7.4%

The stock’s 50-day moving average price is $0.81 and its 200 day moving average price is $0.69.

Webus International (NASDAQ:WETO) last released its earnings results on Tuesday, April 28th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $0.68 million for the quarter.

Webus International Company Profile

Webus International Ltd. operates as a holding company. It engages in the provision of mobility solutions with artificial intelligence augmented online support and itinerary management support. The firm offers commute shuttle, customized chartered bus, packaged tour, and other services to customers. The company was founded on February 10, 2022 and is headquartered in Hangzhou, China.