U Power (NASDAQ:UCAR) Shares Scheduled to Reverse Split on Monday, April 1st

U Power Limited (NASDAQ:UCAR) shares are scheduled to reverse split on the morning of Monday, April 1st. The 1-100 reverse split was announced on Monday, April 1st. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, April 1st.

U Power Price Performance

UCAR stock opened at $0.05 on Thursday. U Power has a 12 month low of $0.05 and a 12 month high of $75.00. The company has a quick ratio of 2.31, a current ratio of 2.40 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $0.08 and a 200 day moving average price of $1.39.

Hedge Funds Weigh In On U Power

Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new stake in U Power in the 2nd quarter valued at about $76,000. Cantor Fitzgerald L. P. purchased a new stake in U Power in the 2nd quarter valued at about $85,000. Geode Capital Management LLC purchased a new stake in U Power in the 2nd quarter valued at about $271,000. Invesco Ltd. purchased a new stake in U Power in the 3rd quarter valued at about $183,000. Finally, Virtu Financial LLC purchased a new stake in U Power in the 4th quarter valued at about $60,000. 13.21% of the stock is owned by hedge funds and other institutional investors.

About U Power

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 Anhui, the People's Republic of China.