Wellchange Holdings Company Limited (NASDAQ:WCT – Get Free Report)’s share price traded up 0.9% during trading on Thursday . The stock traded as high as $1.23 and last traded at $1.16. 73,563 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 223,568 shares. The stock had previously closed at $1.15.
Analysts Set New Price Targets
Separately, Weiss Ratings downgraded Wellchange from a “sell (d)” rating to a “sell (e+)” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.
Read Our Latest Stock Report on WCT
Wellchange Stock Performance
Wellchange (NASDAQ:WCT – Get Free Report) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.62) earnings per share for the quarter. The company had revenue of $0.08 million for the quarter.
Institutional Trading of Wellchange
An institutional investor recently bought a new position in Wellchange stock. Citadel Advisors LLC bought a new stake in shares of Wellchange Holdings Company Limited (NASDAQ:WCT – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 89,621 shares of the company’s stock, valued at approximately $32,000. Citadel Advisors LLC owned approximately 0.19% of Wellchange as of its most recent SEC filing.
About Wellchange
Wellchange Holdings Company Limited, through its subsidiaries, operates as an enterprise software solution services provider in Hong Kong. The company provides tailor-made software solutions, cloud-based software-as-a-service (SaaS) solutions, and white-labelled software design and development services. The company also operates MR. CLOUD, a cloud-based SaaS enterprise resource planning software platform based on subscription services to support back-office and front-office functions, such as finance and accounting, procurement, manufacturing, inventory management, order management, warehouse management, supply chain management, customer relationship management, professional services automation, project and file management, human resources management, e-commerce, and marketing automation.
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