UTime (NASDAQ:WTO) Trading Down 12% – Here’s Why

UTime Limited (NASDAQ:WTO)’s stock price was down 12% during trading on Thursday . The company traded as low as $0.66 and last traded at $0.6850. Approximately 228,171 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 1,443,841 shares. The stock had previously closed at $0.7783.

Analyst Ratings Changes

A number of research firms have issued reports on WTO. Weiss Ratings reissued a “sell (e+)” rating on shares of UTime in a research report on Thursday, October 30th. Wall Street Zen raised UTime to a “sell” rating in a report on Saturday, November 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, UTime currently has an average rating of “Sell”.

UTime Stock Performance

The business has a 50 day moving average of $1.66 and a 200-day moving average of $62.17.

UTime Company Profile

UTime Limited, together with its subsidiaries, designs, develops, manufactures, sells, and operates mobile phones, accessories, and related consumer electronics. The company offers consumer electronics, such as power banks, bluetooth speakers, batteries, chargers, cell phone parts, molds, and shells. It provides electronics manufacturing services, including original equipment manufacturer and original design manufacturer services. It sells its products under the UTime and Do brand names in South America, South Asia, Southeast Asia, and Africa.