Wellchange (NASDAQ:WCT) Stock Price Down 5.5% – Here’s What Happened

Shares of Wellchange Holdings Company Limited (NASDAQ:WCT) fell 5.5% on Wednesday . The stock traded as low as $0.19 and last traded at $0.20. 1,467,294 shares traded hands during trading, a decline of 65% from the average session volume of 4,136,520 shares. The stock had previously closed at $0.21.

Wellchange Stock Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a 50-day moving average of $0.24 and a 200-day moving average of $0.85.

Institutional Trading of Wellchange

A hedge fund recently bought a new stake in Wellchange stock. Renaissance Technologies LLC bought a new stake in shares of Wellchange Holdings Company Limited (NASDAQ:WCT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 42,400 shares of the company’s stock, valued at approximately $41,000. Renaissance Technologies LLC owned 0.20% of Wellchange at the end of the most recent reporting period.

Wellchange Company Profile

Wellchange Holdings Company Limited, through its subsidiaries, operates as an enterprise software solution services provider in Hong Kong. The company provides tailor-made software solutions, cloud-based software-as-a-service (SaaS) solutions, and white-labelled software design and development services.