U Power Limited (NASDAQ:UCAR – Get Free Report) shares rose 1.8% during trading on Thursday . The stock traded as high as $0.7898 and last traded at $0.7898. 42,294 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 440,166 shares. The stock had previously closed at $0.7759.
Wall Street Analyst Weigh In
UCAR has been the subject of a number of recent analyst reports. Wall Street Zen raised U Power from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of U Power in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $50.00.
Read Our Latest Report on UCAR
U Power Stock Performance
Institutional Investors Weigh In On U Power
An institutional investor recently raised its position in U Power stock. Bank of America Corp DE boosted its position in shares of U Power Limited (NASDAQ:UCAR – Free Report) by 132,855,200.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,328,553 shares of the company’s stock after buying an additional 1,328,552 shares during the period. Bank of America Corp DE owned 288.82% of U Power worth $50,000 at the end of the most recent quarter. Institutional investors and hedge funds own 13.21% of the company’s stock.
About U Power
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.
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