Wetouch Technology (NASDAQ:WETH) Trading 11.6% Higher – Should You Buy?

Posted by George Bondi on Jul 19th, 2026

Wetouch Technology Inc. (NASDAQ:WETH – Get Free Report)’s share price rose 11.6% on Friday . The stock traded as high as $1.37 and last traded at $1.35. 234,906 shares were traded during mid-day trading, an increase of 67% from the average daily volume of 140,961 shares. The stock had previously closed at $1.21.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Wetouch Technology from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

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Wetouch Technology Trading Up 11.6%

The business’s 50-day moving average price is $1.38 and its 200-day moving average price is $1.53. The stock has a market cap of $16.11 million, a PE ratio of 1.90 and a beta of 0.77.

Wetouch Technology (NASDAQ:WETH – Get Free Report) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.32 earnings per share for the quarter. Wetouch Technology had a return on equity of 6.18% and a net margin of 18.34%.The business had revenue of $16.31 million during the quarter.

Hedge Funds Weigh In On Wetouch Technology

A number of institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its position in Wetouch Technology by 12.2% during the fourth quarter. Renaissance Technologies LLC now owns 56,200 shares of the company’s stock valued at $75,000 after purchasing an additional 6,100 shares during the period. XTX Topco Ltd lifted its position in shares of Wetouch Technology by 64.2% in the fourth quarter. XTX Topco Ltd now owns 33,537 shares of the company’s stock valued at $45,000 after acquiring an additional 13,117 shares in the last quarter. Primoris Wealth Advisors LLC acquired a new stake in Wetouch Technology in the 4th quarter valued at about $29,000. Lepercq De Neuflize Asset Management LLC boosted its position in shares of Wetouch Technology by 71.8% during the 4th quarter. Lepercq De Neuflize Asset Management LLC now owns 133,908 shares of the company’s stock valued at $179,000 after acquiring an additional 55,954 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in Wetouch Technology by 176.6% during the fourth quarter. Jane Street Group LLC now owns 95,917 shares of the company’s stock worth $129,000 after acquiring an additional 61,237 shares during the last quarter.

About Wetouch Technology

(Get Free Report)

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.