Weidai Ltd (NYSE:WEI) rose 0.7% on Wednesday . The company traded as high as $6.25 and last traded at $6.11, approximately 3,936 shares traded hands during mid-day trading. An increase of 200% from the average daily volume of 1,314 shares. The stock had previously closed at $6.07.
Separately, ValuEngine lowered shares of Weidai from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.
The stock’s 50-day moving average is $7.33 and its two-hundred day moving average is $9.41.
Weidai Company Profile (NYSE:WEI)
Weidai Ltd., through its subsidiaries, provides auto-backed financing solutions in the People's Republic of China. Its auto-backed financing platform connects borrowers primarily mall and micro enterprise owners with online investors and institutional funding partners. The company was founded in 2011 and is headquartered in Hangzhou, the People's Republic of China.
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