Stocks in Top Gainers today: UTME, Current Price: 3, Change today: 35.71. The company was founded by Minfei Bao, Junlin Zhou and Bo Tang in June 2008 and is headquartered in Shenzhen, China. It sells its products under the UTime and Do brand names in South America. It operates through two in-house brands, “UTime,” which is known as middle-to-high end label and targets middle class consumers from emerging markets and “Do”, as low-to mid-end brand, is positioned to the majority of grassroots consumers and price-sensitive consumers in emerging markets. The company operations are based in China whereas most of the products are sold globally, including India, Brazil, the United States, and other emerging markets in South Asia and Africa as well as Europe. Utime Limited (UTME)- CHINESE CO DESIGNS, DEVELOPS, AND COMMERCIALIZES MOBILE PHONES, ACCESSORIES/RELATED CONSUMER ELECTRONICS. The firm also provides Electronics Manufacturing Services, including Original Equipment Manufacturer and Original Design Manufacturer services, for well-known brands, such as TCL Communication Technology Holdings, Ltd., a subsidiary of TCL Corp., Haier Electronics Group Co., Ltd., a subsidiary of Haier Group Corp., and Quality One Wireless LLC, based in Orlando, Florida. Economic concerns amid Fed tightening policy. engages in the design, development, production, sales and brand operation of mobile phones, accessories and related consumer electronics. Shares of companies in the broader tech sector are trading lower amid a rise in yields, which has pressured stocks. The above constitutes a preliminary view and any interest in stocks should be evaluated further from investment point of view.UTime Ltd. UTime Ltd is a company mainly engaged in the design, development, production, sales and brand operation of mobile phones, accessories and related consumer. soared 133.3 in very volatile afternoon trading Wednesday, enough to pace all gainers on major U.S. The stock declined by 66 per cent month-to-date (MTD) and 63 per cent in the past week. UTime Limited (UTime or the Company) (Nasdaq: UTME) announced that on. Instrument Exchange NASDAQ StockReports+ StockCalc Latest News UTME-Q Related Stocks UTME-Q Related. It scored a high of US$ 107.32 apiece on April 7, a day after its public debut, and ever since it’s been on a downward trajectory. UTime Announces Plans to Build Smart Telecom Device Production Base in Nanning, China. Instrument Name Utime Ltd Instrument Symbol (UTME-Q). Since then, UTME stock has decreased by 32.6 and is now trading at 1.80. Due to the Reddit rally, which started towards the end of 2020, prices of many lesser-known stocks catapulted to epic highs.Įarlier this year, stocks for companies like GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC) witnessed a massive surge in their share prices after retail investors started discussing them on Reddit. United Time Technologys stock was trading at 2.67 at the start of the year. However, it seems that the stock is now losing its shine.Ĭopyright © 2021 Kalkine Media Should you invest in UTime Limited (NASDAQ:UTME) Stock?įollowing the public debut, UTME stock skyrocketed, buoyed by discussions by retail investors on platforms like Reddit and Discord. Initially, the company attracted a lot of attention from the investors. It sold 3,750,000 shares in the initial public offering (IPO) for US$ 4 and raised US$ 15 million from gross proceeds.Ĭompared to the IPO offering, UTime stocks climbed by 875 per cent during the trading session on the day of its debut and closed at US$ 39 apiece. Get detailed information on UTIME LTD (UTME.NQ) including stock quotes, financial news, historical charts, company background, company fundamentals. The Chinese manufacturer made its public debut on the Nasdaq stock market on April 6, 2021. UTime is involved in manufacturing and selling devices and electronics products that are cost-effective. Smart For Life recently said it is launching various products. (NASDAQ: SMFL) rose 75.3 to 1.63 in pre-market trading. See the current trading strategy, trend(s). 30 Stocks Moving in Tuesday's Pre-Market Session Gainers Smart for Life, Inc. It caters to the needs of budget customers in developing and low-income countries. Current Technical Analysis and interactive chart for UTME stock / shares. Get daily stock ideas from top-performing Wall Street analysts. 24, 2022 (globe newswire) - utime limited (nasdaq: utme) (utime or the company), a mobile device manufacturing company focused on china and other emerging markets, today. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Unlike most smartphone makers, this Chinese company does not aim at big spenders. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks.
After a net loss of US$ 42.83, the UTME scrips closed at US$ 16.17 apiece. Stocks of UTime Limited (NASDAQ:UTME) plunged 72.6 per cent to end the trading session on Thursday, June 17.
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