Weidai (NYSE:WEI) Reaches New 52-Week Low at $9.05

Weidai Ltd (NYSE:WEI)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $9.05 and last traded at $9.05, with a volume of 615 shares. The stock had previously closed at $9.09.

The company has a 50 day moving average price of $9.47.

Weidai (NYSE:WEI) last issued its earnings results on Tuesday, March 26th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.03). The business had revenue of $144.50 million for the quarter.

A number of institutional investors and hedge funds have recently modified their holdings of WEI. FMR LLC acquired a new position in Weidai during the fourth quarter worth about $4,682,000. Millennium Management LLC acquired a new position in Weidai during the fourth quarter worth about $429,000. Finally, Barings LLC acquired a new position in Weidai during the first quarter worth about $347,000. Institutional investors own 0.86% of the company’s stock.

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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