Maxim Group Reiterates “Hold” Rating for U Power (NASDAQ:UCAR)

U Power (NASDAQ:UCAR)‘s stock had its “hold” rating reaffirmed by investment analysts at Maxim Group in a research report issued to clients and investors on Tuesday, Benzinga reports.

A number of other analysts also recently issued reports on UCAR. Weiss Ratings restated a “sell (e+)” rating on shares of U Power in a report on Friday, July 17th. Wall Street Zen raised shares of U Power from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 12th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

U Power Stock Down 6.9%

NASDAQ:UCAR traded down $0.28 during trading on Tuesday, reaching $3.71. The company’s stock had a trading volume of 22,364 shares, compared to its average volume of 252,288. U Power has a 12 month low of $3.50 and a 12 month high of $438.00. The firm has a 50 day moving average of $16.15 and a 200-day moving average of $43.08.

Institutional Investors Weigh In On U Power

A hedge fund recently raised its stake in U Power stock. Bank of America Corp DE grew its holdings in shares of U Power Limited (NASDAQ:UCAR) by 132,855,200.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,328,553 shares of the company’s stock after purchasing 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 reporting period. Institutional investors and hedge funds own 13.21% of the company’s stock.

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.