Stocks of WeTrade Group Inc. (NASDAQ:WETG) traded higher last session on Wall Street, unchanged to $1.00.
WETG stock price is now -4.72% away from the 50-day moving average and -78.48% away from the 200-day moving average. The market capitalization of the company currently stands at $201.72M.
A total of 68.14% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WETG stock. A new stake in WeTrade Group Inc. shares was purchased by INVESCO LTD. during the first quarter worth $1,840,000. GEODE CAPITAL MANAGEMENT, LLC invested $167,000 in shares of WETG during the first quarter. In the first quarter, EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in WeTrade Group Inc. valued at approximately $31,000. MILLENNIUM MANAGEMENT LLC acquired a new stake in WETG for approximately $26,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP purchased a new stake in WETG valued at around $20,000 in the second quarter. In total, there are 2 active investors with 1.10% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $1.0100 for WeTrade Group Inc. (NASDAQ: WETG). During the past 12 months, WeTrade Group Inc. has had a low of $0.70 and a high of $50.50. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 4.60, and a quick ratio of 4.60. The fifty day moving average price for WETG is $1.0495 and a two-hundred day moving average price translates $5.0871 for the stock.
The latest earnings results from WeTrade Group Inc. (NASDAQ: WETG) was released for Jun, 2022. The net profit margin was 24.20% and return on equity was 19.80% for WETG. The company reported revenue of $1.61 million for the quarter, compared to $3.88 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -58.59 percent.
WeTrade Group Inc.(WETG) Company Profile
WeTrade Group, Inc. provides technical services and solutions through its social e-commerce platform primarily in mainland China. It offers YCloud, a micro-business cloud intelligent internationalization system that conducts multi-channel data analysis through the learning of big data and social recommendation relationships, as well as provides users with AI fission and management systems, and supply chain systems. The company’s YCloud system also provides micro-business owners with various payment methods, such as Alipay, WeChat, and UnionPay. In addition, it offers technical system support, software development, and services. The company serves individual and corporate users in the micro business industry. It also has operations in Hong Kong, the Philippines, and Singapore. The company was incorporated in 2019 and is headquartered in Beijing, the People Republic of China.