U Power (NASDAQ:UCAR) Shares Scheduled to Reverse Split on Monday, April 1st

U Power Limited (NASDAQ:UCAR)’s stock is scheduled to reverse split on Monday, April 1st. The 1-100 reverse split was announced on Monday, April 1st. The number of shares owned by shareholders will be adjusted after the market closes on Monday, April 1st.

U Power Price Performance

Shares of NASDAQ UCAR opened at $0.05 on Thursday. U Power has a 52-week low of $0.05 and a 52-week high of $75.00. The firm has a fifty day moving average of $0.08 and a 200-day moving average of $1.39. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.40 and a quick ratio of 2.31.

Institutional Trading of U Power

Several institutional investors have recently made changes to their positions in UCAR. Virtu Financial LLC purchased a new stake in shares of U Power during the 4th quarter valued at $60,000. Invesco Ltd. purchased a new stake in U Power during the 3rd quarter worth $183,000. Geode Capital Management LLC purchased a new stake in U Power during the 2nd quarter worth $271,000. Cantor Fitzgerald L. P. purchased a new stake in U Power during the 2nd quarter worth $85,000. Finally, Tower Research Capital LLC TRC purchased a new stake in U Power during the 2nd quarter worth $76,000. 13.21% of the stock is owned by hedge funds and other institutional investors.

About U Power

U Power Limited, together with its subsidiaries, engages in the development, manufacture, and sale of new energy vehicles and battery swapping stations in the People's Republic of China. It also offers battery swapping and sourcing, as well as technical and consultation services. The company was founded in 2013 and is headquartered in Anhui, the People's Republic of China.