U Power (NASDAQ:UCAR) Stock Rating Upgraded by Wall Street Zen

U Power (NASDAQ:UCAR) was upgraded by stock analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a report issued on Sunday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of U Power in a research report on Monday, April 20th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $50.00.

U Power Stock Performance

Shares of UCAR remained flat at $1.21 during midday trading on Friday. The stock had a trading volume of 107,493 shares, compared to its average volume of 193,669. U Power has a one year low of $0.38 and a one year high of $46.00. The company’s 50 day moving average price is $1.32 and its two-hundred day moving average price is $6.81.

Institutional Investors Weigh In On U Power

A hedge fund recently raised its stake in U Power stock. Bank of America Corp DE grew its stake in U Power Limited (NASDAQ:UCAR) by 132,855,200.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,328,553 shares of the company’s stock after buying an additional 1,328,552 shares during the period. Bank of America Corp DE owned 288.82% of U Power worth $50,000 as of its most recent filing with the Securities and Exchange Commission. 13.21% of the stock is currently owned by hedge funds and other institutional investors.

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.