U Power Limited (NASDAQ:UCAR – Get Free Report)’s stock price rose 8.3% during mid-day trading on Wednesday . The stock traded as high as $8.08 and last traded at $8.05. Approximately 31,614 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 361,332 shares. The stock had previously closed at $7.43.
U Power Price Performance
The firm has a 50-day simple moving average of $5.98 and a 200-day simple moving average of $8.67.
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 Wuhu, the People's Republic of China.
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