WeBuy Global (NASDAQ:WBUY) Stock Price Down 2.5% – What’s Next?

WeBuy Global Ltd. (NASDAQ:WBUY)’s stock price fell 2.5% during mid-day trading on Friday . The stock traded as low as $1.56 and last traded at $1.57. 35,362 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 2,525,203 shares. The stock had previously closed at $1.61.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of WeBuy Global in a report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

WeBuy Global Trading Down 2.5%

The business has a 50 day moving average price of $1.99 and a 200 day moving average price of $3.71. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.39.

WeBuy Global (NASDAQ:WBUY) last announced its quarterly earnings results on Wednesday, October 29th. The company reported ($4.25) earnings per share (EPS) for the quarter. The business had revenue of $4.56 million during the quarter.

About WeBuy Global

WeBuy Global Holdings Ltd (NASDAQ: WBUY) is a Cayman Islands–registered e-commerce company that operates a vertically integrated platform for sourcing, marketing and distributing consumer goods to both international and domestic markets. The company is primarily engaged in two business segments: cross-border e-commerce, which focuses on selling factory-direct and overstock products to overseas consumers, and domestic distribution and wholesale, which provides supply-chain and bulk-sales services to retailers and third-party platforms within China.

In its cross-border e-commerce segment, WeBuy Global leverages proprietary online channels and partnerships with major global marketplaces to offer categories such as home and kitchen appliances, furniture and home décor, personal care items and small electronics.