Wetouch Technology (NASDAQ:WETH) Shares Down 0.7% – Should You Sell?

Wetouch Technology Inc. (NASDAQ:WETH)’s share price fell 0.7% during mid-day trading on Thursday . The stock traded as low as $1.40 and last traded at $1.43. 22,591 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 277,404 shares. The stock had previously closed at $1.44.

Wetouch Technology Trading Up 2.1 %

The business’s 50 day simple moving average is $1.57 and its 200 day simple moving average is $1.70.

Institutional Trading of Wetouch Technology

Institutional investors and hedge funds have recently modified their holdings of the company. XTX Topco Ltd purchased a new stake in Wetouch Technology in the 3rd quarter worth $31,000. Renaissance Technologies LLC bought a new position in shares of Wetouch Technology in the fourth quarter worth about $33,000. Virtu Financial LLC purchased a new stake in shares of Wetouch Technology during the third quarter worth about $34,000. Finally, Lepercq Multi Asset Fund purchased a new stake in shares of Wetouch Technology during the fourth quarter worth about $120,000.

Wetouch Technology Company Profile

Wetouch Technology Inc engages in the research, development, manufacture, sale, and servicing of medium to large sized projected capacitive touchscreens in the Peoples Republic of China, Taiwan, South Korea, and internationally. The company offers various touch panels, including glass-glass, which are primarily used in GPS/car entertainment panels in mid-size and luxury cars, industrial human-machine interface (HMI), financial and banking terminals, point of sale, and lottery machines; glass-film-film products that are used in GPS and entertainment panels, industrial HMI, financial and banking terminals, lottery, and gaming industry; plastic-glass for use in GPS/entertainment panels, motor vehicle GPS, smart home products, robots, and charging stations; and glass-films used in industrial HMI.