UTime (NASDAQ:WTO) Posts Earnings Results

UTime (NASDAQ:WTO) posted its earnings results on Wednesday. The company reported $0.01 earnings per share for the quarter, FiscalAI reports. The company had revenue of $6.99 million during the quarter.

UTime Stock Performance

WTO traded down $0.15 during midday trading on Wednesday, reaching $2.84. The company’s stock had a trading volume of 19,143 shares, compared to its average volume of 205,532. The company has a fifty day simple moving average of $3.33 and a 200 day simple moving average of $138.80. UTime has a twelve month low of $2.41 and a twelve month high of $1,500.00.

Analyst Ratings Changes

Several brokerages have commented on WTO. Weiss Ratings reiterated a “sell (e+)” rating on shares of UTime in a report on Tuesday, January 27th. Wall Street Zen raised shares of UTime to a “sell” rating in a report on Saturday, November 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, UTime currently has an average rating of “Sell”.

UTime Company Profile

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.