UTime (NASDAQ:WTO) Shares Set to Reverse Split on Tuesday, February 17th

UTime Limited (NASDAQ:WTO)’s stock is scheduled to reverse split on the morning of Tuesday, February 17th. The 1-5 reverse split was announced on Friday, February 6th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, February 16th.

UTime Stock Down 38.4%

NASDAQ:WTO opened at $0.62 on Monday. UTime has a twelve month low of $0.51 and a twelve month high of $300.00. The stock’s 50-day simple moving average is $0.82 and its 200 day simple moving average is $47.34.

Analysts Set New Price Targets

A number of research firms recently issued reports on WTO. Wall Street Zen upgraded shares of UTime to a “sell” rating in a research report on Saturday, November 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of UTime in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

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.