Shares of Wetouch Technology Inc. (NASDAQ:WETH – Get Free Report) traded down 0.7% on Thursday . The stock traded as low as $1.40 and last traded at $1.43. 22,591 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 277,404 shares. The stock had previously closed at $1.44.
Wetouch Technology Stock Up 2.1 %
The business has a fifty day simple moving average of $1.57 and a 200-day simple moving average of $1.70.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC purchased a new stake in Wetouch Technology in the fourth quarter worth about $33,000. Virtu Financial LLC grew its stake in shares of Wetouch Technology by 267.8% in the 4th quarter. Virtu Financial LLC now owns 61,103 shares of the company’s stock worth $108,000 after buying an additional 44,489 shares during the last quarter. Lepercq Multi Asset Fund bought a new position in Wetouch Technology during the 4th quarter valued at approximately $120,000. Finally, XTX Topco Ltd bought a new position in Wetouch Technology during the 3rd quarter valued at approximately $31,000.
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.
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