U Power (NASDAQ:UCAR) Cut to Strong Sell at Wall Street Zen
by Scott Moore · The Cerbat GemWall Street Zen downgraded shares of U Power (NASDAQ:UCAR – Free Report) to a strong sell rating in a research note published on Saturday morning.
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of U Power in a research note on Monday, April 20th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $50.00.
Read Our Latest Research Report on U Power
U Power Price Performance
Shares of UCAR opened at $1.81 on Friday. The firm has a 50 day simple moving average of $5.74 and a 200-day simple moving average of $13.35. U Power has a 1-year low of $0.38 and a 1-year high of $49.80.
Institutional Trading of U Power
A hedge fund recently raised its stake in U Power stock. Sabby Management LLC boosted its position in U Power Limited (NASDAQ:UCAR – Free Report) by 3,943.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 240,260 shares of the company’s stock after acquiring an additional 234,318 shares during the period. U Power comprises approximately 0.6% of Sabby Management LLC’s holdings, making the stock its 11th biggest holding. Sabby Management LLC owned 5.44% of U Power worth $485,000 at the end of the most recent quarter. Institutional investors own 13.21% of the company’s stock.
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 Wuhu, the People's Republic of China.