U Power (NASDAQ:UCAR) Downgraded by Wall Street Zen to “Strong Sell”

Wall Street Zen cut shares of U Power (NASDAQ:UCAR) from a sell rating to a strong sell rating in a research report released on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of U Power in a research report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $50.00.

U Power Stock Down 4.4%

Shares of UCAR stock opened at $1.30 on Friday. U Power has a 52-week low of $0.38 and a 52-week high of $49.80. The company has a 50-day simple moving average of $2.69 and a two-hundred day simple moving average of $11.86.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in U Power stock. Sabby Management LLC increased its holdings in U Power Limited (NASDAQ:UCAR) by 3,943.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 240,260 shares of the company’s stock after buying an additional 234,318 shares during the period. U Power accounts for 0.6% of Sabby Management LLC’s investment portfolio, making the stock its 11th biggest position. Sabby Management LLC owned approximately 5.44% of U Power worth $485,000 as of its most recent SEC filing. 13.21% of the stock is currently owned by hedge funds and other institutional investors.

About U Power

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.