Webus International Limited (NASDAQ:WETO – Free Report) shares are going to reverse split before the market opens on Monday, August 3rd. The 1-100 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, August 2nd.
Webus International Trading Down 19.1%
Shares of NASDAQ WETO traded down $0.01 during midday trading on Thursday, hitting $0.03. The company’s stock had a trading volume of 15,221,734 shares, compared to its average volume of 10,738,702. The business’s 50 day moving average is $0.78 and its two-hundred day moving average is $0.63. Webus International has a 12-month low of $0.03 and a 12-month high of $2.51.
Webus International (NASDAQ:WETO – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $0.68 million during the quarter.
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About Webus International
Webus International Ltd. operates as a holding company. It engages in the provision of mobility solutions with artificial intelligence augmented online support and itinerary management support. The firm offers commute shuttle, customized chartered bus, packaged tour, and other services to customers. The company was founded on February 10, 2022 and is headquartered in Hangzhou, China.
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