Wellchange (NASDAQ:WCT) Posts Earnings Results

Wellchange (NASDAQ:WCT) issued its quarterly earnings data on Tuesday. The company reported ($3.23) earnings per share (EPS) for the quarter, reports. The firm had revenue of $0.33 million during the quarter.

Wellchange Price Performance

Shares of NASDAQ WCT traded down $0.54 on Tuesday, hitting $3.93. The company had a trading volume of 2,172,601 shares, compared to its average volume of 133,837. The business has a 50 day moving average of $35.57 and a two-hundred day moving average of $113.24. Wellchange has a 12-month low of $1.96 and a 12-month high of $675.00.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WCT. Wall Street Zen raised shares of Wellchange from a “sell” rating to a “hold” rating in a research report on Monday, October 19th. Weiss Ratings restated a “sell (e+)” rating on shares of Wellchange in a report on Tuesday, August 18th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Wellchange Company Profile

Wellchange Holdings Company Limited (NASDAQ: WCT) is an information technology services company that provides IT solutions to businesses. Its activities include technology consulting, system development and implementation, software-related services, and the provision of IT professionals for client projects. The company serves organizations seeking support with digital transformation, application development, systems integration, and ongoing technology operations. Wellchange operates through subsidiaries and focuses primarily on the Japanese market, although publicly available information about its geographic reach and business lines is limited.