Streetbeat News

WETH

Wetouch Technology Inc

Open

1.32

Mkt cap

16M

Volume

30K

High

1.35

P/E Ratio

5.00

52-wk high

4.64

Low

1.30

Div yield

N/A

52-wk low

1.13

Shares of companies within the broader technology sector are trading higher amid overall market strength following softer-than-expected PPI figures.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:40 pm

The article highlights the intraday movements of 12 information technology stocks on Thursday. Notable gainers include Kopin, Minim, Upland Software, Inseego, Sobr Safe, and American Software. Significant losers include Wetouch Technology, TROOPS, Banzai International, Ostin Technology Group, CLPS, and 8x8.

Portfolio Pulse from Benzinga Insights

July 05, 2024 | 3:00 pm

Wetouch Technology's CEO Zongyi Lian has released a letter to shareholders highlighting the company's strong financial health, substantial cash reserves, and promising future. The company has $94.8 million in cash reserves, strong global partnerships, and innovative new products expected to yield over 50% profits compared to the first generation. The CEO believes the company is currently undervalued and is considering actions to ensure its true value is recognized in the market.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 1:31 pm

Wetouch Technology (NASDAQ:WETH) reported a significant decrease in Q1 EPS to $0.04 from $0.35 YoY, despite a 10.75% increase in sales to $14.88M from $13.43M YoY.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 1:45 pm

The article highlights the pre-market movements of various Information Technology stocks on Wednesday. Notable gainers include UTime, Actelis Networks, Oracle, Wetouch Technology, XIAO-I, and Cyngn. On the losing side, U-BX Technology, Mercurity Fintech Holding, Kaltura, Inseego, Banzai International, and BIO-key Intl saw declines.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 12:06 pm

Shares of Skye Bioscience, Inc. (NASDAQ:SKYE) fell sharply by 19% after the company announced the discontinuation of its SBI-100 Ophthalmic Emulsion Phase 2a trial. Other notable movers include Big Tree Cloud Holdings Limited (NASDAQ:DSY) which jumped 123% following a business combination, and KWESST Micro Systems Inc. (NASDAQ:KWE) which gained 79.8% after being awarded a significant sub-contract. Several other stocks experienced significant gains or losses during Monday's mid-day session.

Portfolio Pulse from Avi Kapoor

June 10, 2024 | 6:10 pm

The article highlights the intraday movements of 12 information technology stocks on Monday. Notable gainers include One Stop Systems (OSS), Wetouch Technology (WETH), iLearningEngines (AILE), U-BX Technology (UBXG), Brand Engagement Network (BNAI), and Spectaire Holdings (SPEC). Significant losers include Semilux International (SELX), X3 Holdings (XTKG), Sobr Safe (SOBR), Oblong (OBLG), Gorilla Tech Gr (GRRR), and Signing Day Sports (SGN).

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 4:30 pm

The article highlights the pre-market movements of various Information Technology stocks on Monday. Notable gainers include Spectaire Holdings (SPEC), Presto Automation (PRST), and NiSun Intl Enterprise Dev (NISN), while significant losers include QXO (QXO), CI&T (CINT), and SecureWorks (SCWX).

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 12:06 pm

The article highlights the intraday movements of 12 information technology stocks on Friday. Notable gainers include Presto Automation, SMX, Wetouch Technology, Soluna Holdings, WiSA Technologies, and Brand Engagement Network. Significant losers include Actelis Networks, MicroAlgo, Gorilla Tech, Semtech, Rubicon Technologies, and XTI Aerospace.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 4:30 pm

The article highlights significant pre-market movements in the Information Technology sector on Wednesday. Notable gainers include Actelis Networks (NASDAQ:ASNS) with an 861.8% increase, Hewlett Packard (NYSE:HPE) up 16.19% following Q2 earnings, and CrowdStrike Holdings (NASDAQ:CRWD) up 11.42% after Q1 earnings. On the losing side, MicroAlgo (NASDAQ:MLGO) fell by 28.2%, and Sobr Safe (NASDAQ:SOBR) dropped by 24.42%.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 12:06 pm

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