WeBuy Global (NASDAQ:WBUY) Posts Earnings Results
by Amy Steele · The Cerbat GemWeBuy Global (NASDAQ:WBUY – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $1.00 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $4.86 million during the quarter.
WeBuy Global Stock Up 0.4%
WBUY stock traded up $0.01 during trading hours on Friday, hitting $1.35. 16,323 shares of the stock were exchanged, compared to its average volume of 1,226,927. The company has a 50-day simple moving average of $1.07 and a two-hundred day simple moving average of $1.53. WeBuy Global has a 12 month low of $0.87 and a 12 month high of $28.85.
About WeBuy Global
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.