U-BX Technology (NASDAQ:UBXG) Shares Up 1.9% – Should You Buy?

U-BX Technology Ltd. (NASDAQ:UBXG)’s stock price shot up 1.9% during mid-day trading on Monday . The stock traded as high as $1.08 and last traded at $1.08. 19,923 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 42,608 shares. The stock had previously closed at $1.06.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of U-BX Technology in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

U-BX Technology Trading Down 3.3%

The firm has a fifty day moving average of $1.74 and a 200 day moving average of $1.92.

U-BX Technology (NASDAQ:UBXG) last posted its earnings results on Friday, April 3rd. The company reported ($0.18) EPS for the quarter. The company had revenue of $5.83 million during the quarter.

Institutional Trading of U-BX Technology

A hedge fund recently bought a new stake in U-BX Technology stock. XTX Topco Ltd acquired a new stake in U-BX Technology Ltd. (NASDAQ:UBXG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,453 shares of the company’s stock, valued at approximately $37,000. XTX Topco Ltd owned 0.08% of U-BX Technology at the end of the most recent quarter.

About U-BX Technology

U-BX Technology Ltd. focuses on providing value-added services using artificial intelligence-driven technology to businesses in the insurance industry in China. The company offers digital promotion services, risk assessment services, and value-added bundled benefits to property and auto insurance carriers, and insurance brokers. It also provides insurance-related information to individual consumers; and auto maintenance, auto value added, vehicle moving notification, and other services. The company was formerly known as Famingsur Develop Limited and changed its name to U-BX Technology Ltd.