U Power (NASDAQ:UCAR) Upgraded at Wall Street Zen

U Power (NASDAQ:UCAR) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “sell” rating in a note issued to investors on Sunday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of U Power in a research report on Monday, April 20th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, U Power currently has an average rating of “Hold” and a consensus target price of $50.00.

U Power Stock Performance

NASDAQ:UCAR remained flat at $1.21 during mid-day trading on Friday. 107,493 shares of the company were exchanged, compared to its average volume of 193,669. U Power has a 1-year low of $0.38 and a 1-year high of $46.00. The business’s 50 day moving average is $1.32 and its two-hundred day moving average is $6.81.

Institutional Investors Weigh In On U Power

An institutional investor recently raised its stake in U Power stock. Bank of America Corp DE raised its position in U Power Limited (NASDAQ:UCAR) by 132,855,200.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,328,553 shares of the company’s stock after buying an additional 1,328,552 shares during the quarter. Bank of America Corp DE owned about 288.82% of U Power worth $50,000 at the end of the most recent quarter. 13.21% of the stock is owned by institutional investors.

U Power Company Profile

U Power Limited, together with its subsidiaries, engages in the development, manufacture, and sale of new energy vehicles and battery swapping stations in the People's Republic of China. It also offers battery swapping and sourcing, as well as technical and consultation services. The company was founded in 2013 and is headquartered in Wuhu, the People's Republic of China.