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WeRide (NASDAQ:WRD) Trading Down 4.5% - Here's What Happened

WeRide logo with Auto/Tires/Trucks background

WeRide Inc. (NASDAQ:WRD - Get Free Report)'s stock price dropped 4.5% on Tuesday . The stock traded as low as $9.52 and last traded at $9.58. Approximately 251,977 shares changed hands during trading, a decline of 86% from the average daily volume of 1,787,900 shares. The stock had previously closed at $10.03.

WeRide Stock Performance

The stock has a 50 day moving average price of $16.81.

WeRide (NASDAQ:WRD - Get Free Report) last announced its quarterly earnings results on Friday, March 14th. The company reported ($0.29) earnings per share for the quarter. The company had revenue of $19.29 million for the quarter. On average, equities analysts expect that WeRide Inc. will post -0.68 earnings per share for the current year.

About WeRide

(Get Free Report)

WeRide, Inc engages in the development of an autonomous driving technology platform. It offers Robotaxi, Robobus, Robovan, Robosweeper, and advanced driving solutions, providing smart services in online ride-hailing, on-demand transport, urban logistics, and environmental sanitation. The company was founded by Tony Xu Han and Yan Li in February 2017 and is headquartered in Guangzhou, China.

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