U-BX Technology (NASDAQ:UBXG) Shares Down 2.6% – Should You Sell?

U-BX Technology Ltd. (NASDAQ:UBXG) shares dropped 2.6% during trading on Friday . The company traded as low as $2.95 and last traded at $3.03. Approximately 102,285 shares traded hands during trading, a decline of 64% from the average daily volume of 281,925 shares. The stock had previously closed at $3.11.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of U-BX Technology in a report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

U-BX Technology Price Performance

The stock has a fifty day moving average price of $19.77 and a two-hundred day moving average price of $38.16.

U-BX Technology (NASDAQ:UBXG) last released its quarterly earnings results on Friday, April 3rd. The company reported ($4.50) earnings per share for the quarter. The firm had revenue of $5.83 million during the quarter.

Hedge Funds Weigh In On U-BX Technology

An institutional investor recently bought a new position in U-BX Technology stock. XTX Topco Ltd bought a new stake in U-BX Technology Ltd. (NASDAQ:UBXG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 18,453 shares of the company’s stock, valued at approximately $37,000. XTX Topco Ltd owned about 0.08% of U-BX Technology at the end of the most recent quarter.

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.