Webus International (NASDAQ:WETO) Posts Earnings Results

Webus International (NASDAQ:WETO) announced its quarterly earnings results on Tuesday. The company reported ($0.04) earnings per share for the quarter, FiscalAI reports. The business had revenue of $0.68 million for the quarter.

Webus International Trading Down 3.0%

Shares of WETO stock traded down $0.02 during trading on Thursday, reaching $0.58. The company’s stock had a trading volume of 69,573 shares, compared to its average volume of 1,394,887. The stock’s 50-day moving average price is $0.51 and its 200 day moving average price is $0.78. Webus International has a 1-year low of $0.36 and a 1-year high of $4.27.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Webus International in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

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.