WeBuy Global (NASDAQ:WBUY) Posts Quarterly Earnings Results

WeBuy Global (NASDAQ:WBUY) announced its quarterly earnings results on Wednesday. The company reported $1.00 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $4.86 million for the quarter.

WeBuy Global Stock Down 4.5%

Shares of WeBuy Global stock traded down $0.06 during trading on Thursday, hitting $1.30. 7,989 shares of the stock traded hands, compared to its average volume of 1,241,393. WeBuy Global has a twelve month low of $0.87 and a twelve month high of $28.85. The company has a fifty day moving average price of $1.06 and a two-hundred day moving average price of $1.53.

WeBuy Global Company Profile

WeBuy Global Holdings Ltd (NASDAQ: WBUY) is a Cayman Islands–registered e-commerce company that operates a vertically integrated platform for sourcing, marketing and distributing consumer goods to both international and domestic markets. The company is primarily engaged in two business segments: cross-border e-commerce, which focuses on selling factory-direct and overstock products to overseas consumers, and domestic distribution and wholesale, which provides supply-chain and bulk-sales services to retailers and third-party platforms within China.

In its cross-border e-commerce segment, WeBuy Global leverages proprietary online channels and partnerships with major global marketplaces to offer categories such as home and kitchen appliances, furniture and home décor, personal care items and small electronics.