Wetouch Technology (NASDAQ:WETH) Posts Quarterly Earnings Results

Wetouch Technology (NASDAQ:WETH) announced its quarterly earnings results on Wednesday. The company reported $0.21 earnings per share for the quarter, Zacks reports.

Wetouch Technology Price Performance

WETH stock opened at $2.69 on Thursday. Wetouch Technology has a 1 year low of $0.76 and a 1 year high of $3.68. The company has a market cap of $32.09 million, a P/E ratio of 4.27 and a beta of 0.16. The stock’s fifty day moving average price is $1.73 and its 200-day moving average price is $1.22.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Wetouch Technology from a “sell (d)” rating to a “hold (c-)” rating in a research note on Friday, October 24th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

About Wetouch Technology

Wetouch Technology Inc engages in the research, development, manufacture, sale, and servicing of medium to large sized projected capacitive touchscreens in the Peoples Republic of China, Taiwan, South Korea, and internationally. The company offers various touch panels, including glass-glass, which are primarily used in GPS/car entertainment panels in mid-size and luxury cars, industrial human-machine interface (HMI), financial and banking terminals, point of sale, and lottery machines; glass-film-film products that are used in GPS and entertainment panels, industrial HMI, financial and banking terminals, lottery, and gaming industry; plastic-glass for use in GPS/entertainment panels, motor vehicle GPS, smart home products, robots, and charging stations; and glass-films used in industrial HMI.