Webus International (NASDAQ:WETO) Shares Scheduled to Reverse Split on Monday, August 3rd

Webus International Limited (NASDAQ:WETO)’s stock is scheduled to reverse split on Monday, August 3rd. The 1-100 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, August 2nd.

Webus International Trading Down 19.1%

Shares of NASDAQ:WETO traded down $0.01 on Thursday, hitting $0.03. 15,221,734 shares of the company were exchanged, compared to its average volume of 2,439,863. Webus International has a 1-year low of $0.03 and a 1-year high of $2.51. The stock’s 50 day moving average price is $0.78 and its 200 day moving average price is $0.63.

Webus International (NASDAQ:WETO) last announced its quarterly earnings data on Tuesday, April 28th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $0.68 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Webus International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Webus International

Webus International Ltd. operates as a holding company. It engages in the provision of mobility solutions with artificial intelligence augmented online support and itinerary management support. The firm offers commute shuttle, customized chartered bus, packaged tour, and other services to customers. The company was founded on February 10, 2022 and is headquartered in Hangzhou, China.