U Power (NASDAQ:UCAR) Cut to Hold at Maxim Group

Maxim Group cut shares of U Power (NASDAQ:UCAR) from a buy rating to a hold rating in a report issued on Tuesday, Marketbeat reports.

A number of other equities analysts also recently weighed in on UCAR. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of U Power in a research note on Friday, July 17th. Wall Street Zen upgraded U Power from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 12th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, U Power has a consensus rating of “Reduce”.

U Power Price Performance

Shares of NASDAQ UCAR opened at $4.45 on Tuesday. U Power has a 1 year low of $3.50 and a 1 year high of $438.00. The firm has a 50-day moving average of $15.00 and a 200 day moving average of $37.11.

Institutional Trading of U Power

An institutional investor recently raised its position in U Power stock. Bank of America Corp DE increased its holdings in shares of U Power Limited (NASDAQ:UCAR) by 132,855,200.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,328,553 shares of the company’s stock after purchasing an additional 1,328,552 shares during the quarter. 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 (SEC). 13.21% of the stock is currently owned by institutional investors and hedge funds.

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.