Webus International Shares Scheduled to Reverse Split on Monday, August 3rd (NASDAQ:WETO)

Webus International Limited (NASDAQ:WETO)’s stock is set to reverse split before the market opens on Monday, August 3rd. The 1-100 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, August 2nd.

Webus International Price Performance

Shares of WETO stock traded down $0.01 during trading hours on Thursday, reaching $0.03. The company’s stock had a trading volume of 15,221,734 shares, compared to its average volume of 10,738,702. Webus International has a one year low of $0.03 and a one year high of $2.51. The firm’s fifty day simple moving average is $0.78 and its 200 day simple moving average is $0.63.

Webus International (NASDAQ:WETO) last posted its earnings results on Tuesday, April 28th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $0.68 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Webus International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Webus International currently has a consensus rating of “Sell”.

About Webus International

Webus International Ltd. operates as a holding company. It engages in the provision of mobility solutions with artificial intelligence augmented online support and itinerary management support. The firm offers commute shuttle, customized chartered bus, packaged tour, and other services to customers. The company was founded on February 10, 2022 and is headquartered in Hangzhou, China.