U Power (NASDAQ:UCAR) Stock Price Up 3.5% – What’s Next?

U Power Limited (NASDAQ:UCAR) shot up 3.5% during mid-day trading on Friday . The stock traded as high as $1.6350 and last traded at $1.49. 58,819 shares were traded during mid-day trading, an increase of 48% from the average session volume of 39,837 shares. The stock had previously closed at $1.44.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of U Power in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, U Power has a consensus rating of “Hold” and a consensus target price of $5.00.

U Power Price Performance

The stock has a 50-day simple moving average of $1.49 and a two-hundred day simple moving average of $1.81.

Institutional Investors Weigh In On U Power

An institutional investor recently raised its position in U Power stock. Sabby Management LLC boosted its stake in U Power Limited (NASDAQ:UCAR) by 3,943.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 240,260 shares of the company’s stock after purchasing an additional 234,318 shares during the period. U Power makes up approximately 0.6% of Sabby Management LLC’s holdings, making the stock its 11th largest position. Sabby Management LLC owned about 5.44% of U Power worth $485,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 13.21% of the company’s stock.

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.