WeRide (NASDAQ:WRD) Shares Down 13.6% – Here’s Why

WeRide Inc. (NASDAQ:WRDGet Free Report)’s share price was down 13.6% during trading on Monday . The company traded as low as $9.40 and last traded at $9.70. Approximately 387,671 shares were traded during trading, a decline of 78% from the average daily volume of 1,789,145 shares. The stock had previously closed at $11.23.

WeRide Price Performance

WeRide (NASDAQ:WRDGet Free Report) last issued its earnings results on Friday, March 14th. The company reported ($0.29) EPS for the quarter. The firm had revenue of $19.29 million for the quarter. Equities research analysts forecast that WeRide Inc. will post -0.68 EPS for the current fiscal year.

About WeRide

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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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