UTime (NASDAQ:WTO) Shares Down 14% – Should You Sell?

UTime Limited (NASDAQ:WTO)’s stock price dropped 14% during mid-day trading on Wednesday . The company traded as low as $0.75 and last traded at $0.98. Approximately 752,736 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 1,508,056 shares. The stock had previously closed at $1.14.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of UTime in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, UTime presently has a consensus rating of “Sell”.

UTime Stock Down 14.0%

The firm has a 50 day moving average price of $2.65 and a two-hundred day moving average price of $6.91.

UTime (NASDAQ:WTO) last released its quarterly earnings data on Wednesday, March 18th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $6.99 million during the quarter.

About UTime

UTime Limited, together with its subsidiaries, designs, develops, manufactures, sells, and operates mobile phones, accessories, and related consumer electronics. The company offers consumer electronics, such as power banks, bluetooth speakers, batteries, chargers, cell phone parts, molds, and shells. It provides electronics manufacturing services, including original equipment manufacturer and original design manufacturer services. It sells its products under the UTime and Do brand names in South America, South Asia, Southeast Asia, and Africa.