WeBuy Global (NASDAQ:WBUY) Stock Price Up 3.4% – Still a Buy?

WeBuy Global Ltd. (NASDAQ:WBUY) shot up 3.4% during mid-day trading on Thursday . The company traded as high as $1.93 and last traded at $1.82. 966,598 shares were traded during mid-day trading, an increase of 60% from the average session volume of 603,863 shares. The stock had previously closed at $1.76.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of WeBuy Global in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

WeBuy Global Stock Performance

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 0.89. The firm’s fifty day moving average price is $1.66 and its 200 day moving average price is $2.78.

WeBuy Global (NASDAQ:WBUY) last announced its quarterly earnings results on Wednesday, October 29th. The company reported ($4.25) earnings per share for the quarter. The business had revenue of $4.56 million during the quarter.

About WeBuy Global

WeBuy Global Holdings Ltd (NASDAQ: WBUY) is a Cayman Islands–registered e-commerce company that operates a vertically integrated platform for sourcing, marketing and distributing consumer goods to both international and domestic markets. The company is primarily engaged in two business segments: cross-border e-commerce, which focuses on selling factory-direct and overstock products to overseas consumers, and domestic distribution and wholesale, which provides supply-chain and bulk-sales services to retailers and third-party platforms within China.

In its cross-border e-commerce segment, WeBuy Global leverages proprietary online channels and partnerships with major global marketplaces to offer categories such as home and kitchen appliances, furniture and home décor, personal care items and small electronics.