WeRide (NASDAQ:WRD) Shares Down 5.6% – Should You Sell?

WeRide Inc. (NASDAQ:WRDGet Free Report) was down 5.6% during mid-day trading on Tuesday . The company traded as low as $16.90 and last traded at $17.01. Approximately 313,974 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 1,964,725 shares. The stock had previously closed at $18.01.

WeRide Stock Performance

WeRide (NASDAQ:WRDGet Free Report) last released its quarterly earnings results on Friday, March 14th. The company reported ($0.29) earnings per share (EPS) for the quarter. The business had revenue of $19.29 million for the quarter. As a group, sell-side analysts forecast that WeRide Inc. will post -0.68 earnings per share for the current fiscal year.

WeRide Company Profile

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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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