Wellchange (NASDAQ:WCT) Trading 4.9% Higher – Here’s Why

Wellchange Holdings Company Limited (NASDAQ:WCT)’s stock price rose 4.9% during mid-day trading on Monday . The company traded as high as $0.27 and last traded at $0.2599. Approximately 141,213 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 239,150 shares. The stock had previously closed at $0.2478.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wellchange in a research note on Thursday, November 13th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Wellchange Trading Down 2.9%

The company’s fifty day moving average price is $0.30 and its two-hundred day moving average price is $0.26.

Institutional Trading of Wellchange

A hedge fund recently bought a new stake in Wellchange stock. Citadel Advisors LLC bought a new stake in Wellchange Holdings Company Limited (NASDAQ:WCT) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 89,621 shares of the company’s stock, valued at approximately $32,000. Citadel Advisors LLC owned about 0.19% of Wellchange at the end of the most recent quarter.

About Wellchange

Wellchange Holdings Company Limited, through its subsidiaries, operates as an enterprise software solution services provider in Hong Kong. The company provides tailor-made software solutions, cloud-based software-as-a-service (SaaS) solutions, and white-labelled software design and development services.