UTime (NASDAQ:WTO) Stock Price Down 1.5% – What’s Next?

UTime Limited (NASDAQ:WTO)’s stock price fell 1.5% during trading on Friday . The company traded as low as $0.5667 and last traded at $0.5980. 89,730 shares were traded during mid-day trading, a decline of 81% from the average session volume of 479,169 shares. The stock had previously closed at $0.6070.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WTO. Wall Street Zen upgraded UTime to a “sell” rating in a report on Saturday, November 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of UTime in a research report on Tuesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

UTime Stock Performance

The firm’s 50 day moving average is $0.86 and its 200 day moving average is $51.78.

About UTime

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.