Webus International Stock Set to Reverse Split on Monday, August 3rd (NASDAQ:WETO)

Shares of Webus International Limited (NASDAQ:WETO) are going to reverse split before the market opens on Monday, August 3rd. The 1-100 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, August 2nd.

Webus International Stock Performance

WETO stock traded down $0.01 during trading on Thursday, hitting $0.03. The company had a trading volume of 15,221,734 shares, compared to its average volume of 10,738,702. The business has a 50-day moving average of $0.78 and a 200-day moving average of $0.63. Webus International has a one year low of $0.03 and a one year high of $2.51.

Webus International (NASDAQ:WETO) last released its earnings results on Tuesday, April 28th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $0.68 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Webus International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

About Webus International

Webus International Ltd. operates as a holding company. It engages in the provision of mobility solutions with artificial intelligence augmented online support and itinerary management support. The firm offers commute shuttle, customized chartered bus, packaged tour, and other services to customers. The company was founded on February 10, 2022 and is headquartered in Hangzhou, China.