U Power (NASDAQ:UCAR) Stock Price Down 3.3% – Time to Sell?

U Power Limited (NASDAQ:UCAR) shares fell 3.3% during mid-day trading on Wednesday . The stock traded as low as $1.79 and last traded at $2.02. 135,956 shares were traded during trading, a decline of 3% from the average session volume of 139,857 shares. The stock had previously closed at $2.09.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UCAR. Weiss Ratings reissued a “sell (e+)” rating on shares of U Power in a research note on Wednesday, October 8th. Maxim Group assumed coverage on shares of U Power in a research report on Tuesday, September 9th. They set a “buy” rating and a $5.00 price objective on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, U Power has an average rating of “Hold” and an average target price of $5.00.

U Power Stock Down 3.3%

The stock has a 50 day simple moving average of $2.01 and a 200-day simple moving average of $2.72.

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.