Wellchange (NASDAQ:WCT) Shares Down 6.6% – Time to Sell?

Wellchange Holdings Company Limited (NASDAQ:WCT) fell 6.6% during trading on Thursday . The stock traded as low as $0.18 and last traded at $0.19. 704,541 shares were traded during mid-day trading, a decline of 84% from the average session volume of 4,489,775 shares. The stock had previously closed at $0.21.

Wellchange Stock Down 6.6%

The firm has a fifty day moving average of $0.26 and a 200 day moving average of $0.97. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.04 and a quick ratio of 1.04.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Wellchange stock. Renaissance Technologies LLC bought a new position in Wellchange Holdings Company Limited (NASDAQ:WCT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 42,400 shares of the company’s stock, valued at approximately $41,000. Renaissance Technologies LLC owned about 0.20% of Wellchange as of its most recent filing with the Securities and Exchange Commission (SEC).

About Wellchange

Wellchange Holdings Company Limited, through its subsidiaries, operates as an enterprise software solution services provider in Hong Kong. The company provides tailor-made software solutions, cloud-based software-as-a-service (SaaS) solutions, and white-labelled software design and development services.