U Power (NASDAQ:UCAR) Given “Hold” Rating at Maxim Group

U Power (NASDAQ:UCAR)‘s stock had its “hold” rating reaffirmed by Maxim Group in a research report issued on Tuesday, Benzinga reports.

A number of other equities research analysts have also weighed in on UCAR. Weiss Ratings restated a “sell (e+)” rating on shares of U Power in a report on Friday, July 17th. Wall Street Zen upgraded U Power from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 12th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

U Power Stock Performance

UCAR traded down $0.28 during trading on Tuesday, hitting $3.71. 22,364 shares of the company’s stock were exchanged, compared to its average volume of 252,288. U Power has a fifty-two week low of $3.50 and a fifty-two week high of $438.00. The business’s 50 day moving average is $16.15 and its two-hundred day moving average is $43.08.

Institutional Investors Weigh In On U Power

A hedge fund recently raised its position in U Power stock. Bank of America Corp DE grew its position in shares of U Power Limited (NASDAQ:UCAR) by 132,855,200.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,328,553 shares of the company’s stock after buying an additional 1,328,552 shares during the quarter. Bank of America Corp DE owned 288.82% of U Power worth $50,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 13.21% of the company’s stock.

U Power Company Profile

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.