U Power Limited (NASDAQ:UCAR – Get Free Report)’s stock price was up 1.8% during mid-day trading on Thursday . The company traded as high as $0.7898 and last traded at $0.7898. 42,294 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 440,166 shares. The stock had previously closed at $0.7759.
Wall Street Analysts Forecast Growth
UCAR has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of U Power in a report on Friday, July 17th. Wall Street Zen raised shares of 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 Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $50.00.
View Our Latest Research Report on UCAR
U Power Price Performance
Institutional Trading of U Power
A hedge fund recently raised its stake in U Power stock. Bank of America Corp DE grew its stake in shares of U Power Limited (NASDAQ:UCAR – Free Report) by 132,855,200.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,328,553 shares of the company’s stock after acquiring an additional 1,328,552 shares during the quarter. Bank of America Corp DE owned about 288.82% of U Power worth $50,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.
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