U Power Shares Set to Reverse Split on Monday, March 30th (NASDAQ:UCAR)

U Power Limited (NASDAQ:UCARFree Report)’s stock is set to reverse split before the market opens on Monday, March 30th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, March 29th.

U Power Trading Down 16.1%

Shares of UCAR stock opened at $0.10 on Thursday. U Power has a fifty-two week low of $0.09 and a fifty-two week high of $4.98. The stock has a 50 day moving average price of $1.19 and a two-hundred day moving average price of $1.65.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of U Power in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $5.00.

View Our Latest Stock Analysis on UCAR

Institutional Investors Weigh In On U Power

A hedge fund recently raised its stake in U Power stock. Sabby Management LLC boosted its position in U Power Limited (NASDAQ:UCARFree Report) by 3,943.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 240,260 shares of the company’s stock after purchasing an additional 234,318 shares during the quarter. U Power makes up 0.6% of Sabby Management LLC’s portfolio, making the stock its 11th biggest position. Sabby Management LLC owned approximately 5.44% of U Power worth $485,000 at the end of the most recent quarter. Institutional investors own 13.21% of the company’s stock.

About U Power

(Get Free Report)

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.

See Also

Receive News & Ratings for U Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U Power and related companies with MarketBeat.com's FREE daily email newsletter.