U-BX Technology (NASDAQ:UBXG) Trading Down 1% – Time to Sell?

U-BX Technology Ltd. (NASDAQ:UBXG)’s share price dropped 1% during trading on Friday . The company traded as low as $1.9010 and last traded at $1.93. Approximately 6,043 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 7,487 shares. The stock had previously closed at $1.95.

Analyst Upgrades and Downgrades

UBXG has been the topic of several research analyst reports. Wall Street Zen cut U-BX Technology from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Weiss Ratings restated a “sell (e+)” rating on shares of U-BX Technology in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, U-BX Technology currently has a consensus rating of “Sell”.

U-BX Technology Stock Down 1.0%

The stock has a 50-day moving average of $2.07 and a 200 day moving average of $2.43.

U-BX Technology Company Profile

U-BX Technology Ltd. focuses on providing value-added services using artificial intelligence-driven technology to businesses in the insurance industry in China. The company offers digital promotion services, risk assessment services, and value-added bundled benefits to property and auto insurance carriers, and insurance brokers. It also provides insurance-related information to individual consumers; and auto maintenance, auto value added, vehicle moving notification, and other services. The company was formerly known as Famingsur Develop Limited and changed its name to U-BX Technology Ltd.