Wetouch Technology (NASDAQ:WETH) Issues Earnings Results

Wetouch Technology (NASDAQ:WETH) issued its earnings results on Wednesday. The company reported $0.21 earnings per share (EPS) for the quarter, Zacks reports.

Wetouch Technology Stock Up 10.7%

Shares of WETH traded up $0.26 during mid-day trading on Wednesday, hitting $2.69. 405,840 shares of the company’s stock were exchanged, compared to its average volume of 198,373. The stock has a market cap of $32.10 million, a price-to-earnings ratio of 4.27 and a beta of 0.16. The firm has a fifty day moving average of $1.70 and a two-hundred day moving average of $1.21. Wetouch Technology has a twelve month low of $0.76 and a twelve month high of $3.68.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Wetouch Technology from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, October 24th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Wetouch Technology Company Profile

Wetouch Technology Inc engages in the research, development, manufacture, sale, and servicing of medium to large sized projected capacitive touchscreens in the Peoples Republic of China, Taiwan, South Korea, and internationally. The company offers various touch panels, including glass-glass, which are primarily used in GPS/car entertainment panels in mid-size and luxury cars, industrial human-machine interface (HMI), financial and banking terminals, point of sale, and lottery machines; glass-film-film products that are used in GPS and entertainment panels, industrial HMI, financial and banking terminals, lottery, and gaming industry; plastic-glass for use in GPS/entertainment panels, motor vehicle GPS, smart home products, robots, and charging stations; and glass-films used in industrial HMI.