Webus International Shares Scheduled to Reverse Split on Monday, August 3rd (NASDAQ:WETO)

Webus International Limited (NASDAQ:WETO)’s stock is set to reverse split before the market opens on Monday, August 3rd. The 1-100 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, August 2nd.

Webus International Trading Down 19.1%

Webus International stock traded down $0.01 during mid-day trading on Thursday, hitting $0.03. The company had a trading volume of 15,221,734 shares, compared to its average volume of 2,439,863. Webus International has a 12-month low of $0.03 and a 12-month high of $2.51. The company’s fifty day moving average is $0.78 and its 200-day moving average is $0.63.

Webus International (NASDAQ:WETO) last issued its quarterly earnings data on Tuesday, April 28th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $0.68 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Webus International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

About Webus International

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.