U Power (NASDAQ:UCAR) Stock Price Up 1.8% – Here’s What Happened

U Power Limited (NASDAQ:UCARGet Free Report)’s stock price shot up 1.8% during mid-day trading on Thursday . The stock traded as high as $0.7898 and last traded at $0.7898. Approximately 42,294 shares were traded during trading, a decline of 90% from the average session volume of 440,166 shares. The stock had previously closed at $0.7759.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on UCAR shares. Weiss Ratings reissued a “sell (e+)” rating on shares of U Power in a research note on Friday, July 17th. Wall Street Zen upgraded shares of U Power from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 12th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $50.00.

View Our Latest Report on U Power

U Power Stock Up 1.8%

The business has a 50 day moving average of $1.10 and a 200-day moving average of $4.28.

Institutional Trading of U Power

A hedge fund recently raised its stake in U Power stock. Bank of America Corp DE lifted its stake in shares of U Power Limited (NASDAQ:UCARFree Report) by 132,855,200.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,328,553 shares of the company’s stock after acquiring an additional 1,328,552 shares during the period. Bank of America Corp DE owned 288.82% of U Power worth $50,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 13.21% of the company’s stock.

U Power Company Profile

(Get Free Report)

U Power Limited, together with its subsidiaries, engages in the development, manufacture, and sale of new energy vehicles and battery swapping stations in the People's Republic of China. It also offers battery swapping and sourcing, as well as technical and consultation services. The company was founded in 2013 and is headquartered in Wuhu, the People's Republic of China.

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