Wetouch Technology
WETH

$1.70

1.16%

Market Cap: $20.3M

About: Wetouch Technology Inc is a touch panel supplier focused on R & D, production and sales of touch screen products. It offers touchscreens for a variety of applications, including GPS/car entertainment panels for automotive industry, industrial human-machine interface, financial and banking terminals, point of sale, lottery and gaming machines, smart home, robots and charging stations. The company sells touchscreen products both domestically in China and internationally, covering the majority of areas in China, Taiwan, South Korea, and Germany.

Employees: 131

Information Technology Computer Peripheral Equipment

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

0.14% less ownership

Funds ownership: 0.37% [Q1] → 0.23% (-0.14%) [Q2]

28% less capital invested

Capital invested by funds: $98.8K [Q1] → $71.3K (-$27.5K) [Q2]

60% less funds holding

Funds holding: 5 [Q1] → 2 (-3) [Q2]

75% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 4

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Research analyst outlook

We haven’t received any recent analyst ratings for WETH.

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Financial journalist opinion

Wetouch Technologies Inc. Announces $15 Million Stock Buyback Program

CHENGDU, China , July 8, 2024 /PRNewswire/ -- Wetouch Technologies Inc. (NASDAQ: WETH) ("Wetouch" or the "Company"), a leading innovator in the global touch display industry, today announced a stock buyback program to repurchase up to $ 15 million of the Company's common stock. Under the program, the Company is authorized to repurchase its shares from time to time in the open market or in privately negotiated transactions.

Wetouch Technologies Inc. Announces $15 Million Stock Buyback Program

WeTouch Technology Inc. CEO Zongyi Lian's Letter to Shareholders

CHENGDU, China , June 24, 2024 /PRNewswire/ -- WeTouch Technology Inc., (NASDAQ: WETH) ("WeTouch" or the "Company"), a leading innovator in the global touch display industry, today released CEO Zongyi Lian's Letter to Shareholders Strong Financial Position and Future Prospects of the company. Dear Fellow Shareholders, I hope this letter finds you well.

WeTouch Technology Inc. CEO Zongyi Lian's Letter to Shareholders

WeTouch Announces First Quarter Fiscal Year 2024 Financial Results with Cash Reserves of $94.8 Million

First Quarter Fiscal Year 2024 Revenue Reaches $14.9 Million, Marking an 11.2% Increase from 1Q 2023 CHENGDU, China , June 17, 2024 /PRNewswire/ -- WeTouch Technology Inc., (NASDAQ: WETH) ("WeTouch" or the "Company"), a leading innovator in the global touch display industry, today announced its financial results for the first quarter ended March 31, 2024 . "We achieved higher revenue in the first quarter of fiscal 2024 by aggressively promoting our high-end products.

WeTouch Announces First Quarter Fiscal Year 2024 Financial Results with Cash Reserves of $94.8 Million

Wetouch Technology Inc. Unveils Cutting-Edge Second-Generation Touchscreen Products and Receives US $15M in Orders

CHENGDU, China , May 6, 2024 /PRNewswire/ -- Wetouch Technology Inc. (Nasdaq: WETH) proudly announces the launch of its highly anticipated second-generation touchable screen products. These innovative offerings redefine user experience with unmatched responsiveness, durability, and state-of-the-art design, solidifying Wetouch's position as an industry innovator and leader.

Wetouch Technology Inc. Unveils Cutting-Edge Second-Generation Touchscreen Products and Receives US $15M in Orders

Wetouch Technology Inc. Announces $56.3M USD Revenue Guidance for FY 2024, Reflecting 41% Growth Over FY 2023

CHENGDU, China , April 22, 2024 /PRNewswire/ -- Wetouch Technology Inc. (NASDAQ: WETH), a trailblazer in the global touch display industry, is pleased to announce its revenue guidance of $56.3 million USD for the fiscal year 2024, reflecting robust 41% growth and a resilient financial performance. Building upon the solid foundation laid in 2023, during which Wetouch recorded revenue of $39.70 million USD and net income of $8.26 million USD, the company continues to demonstrate its commitment to driving innovation and delivering value to shareholders.

Wetouch Technology Inc. Announces $56.3M USD Revenue Guidance for FY 2024, Reflecting 41% Growth Over FY 2023

Wetouch Technology Inc. Preannounce Earnings for Fiscal Year 2023

CHENGDU, China , April 1, 2024 /PRNewswire/ -- Wetouch Technology Inc. (NASDAQ: WETH), a leading innovator in the global touch display industry, proudly announces its robust financial performance for the fiscal year 2023, showcasing remarkable growth and strong earnings. In 2023, Wetouch achieved an continuous revenue growth, reaching $39.71 million USD, compared to the previous year's revenue of $37.92 million USD.

Wetouch Technology Inc. Preannounce Earnings for Fiscal Year 2023

Wetouch Announces Strategic Collaboration with IDEC Corporation, Elevating Presence in Japanese Touch Display Market

CHENGDU, China , March 18, 2024 /PRNewswire/ -- Wetouch Technology Inc.(NASDAQ: WETH), a pioneering force in the global touch display industry, is proud to announce its latest milestone in establishing a robust international footprint. Through relentless dedication to innovation and customer satisfaction, Wetouch has solidified its position as a trusted provider of high-quality touch display solutions worldwide.

Wetouch Announces Strategic Collaboration with IDEC Corporation, Elevating Presence in Japanese Touch Display Market

WestPark Capital Announces Closing of $10.8 Million Public Offering of Common Stock for Wetouch Technology Inc (Nasdaq: WETH )

LOS ANGELES--(BUSINESS WIRE)--WestPark Capital, Inc., a full-service investment bank and securities broker-dealer, today announced the closing of a $10.8 Million public offering for Wetouch Technology Inc. (Nasdaq: WETH ). (“Wetouch” or the “Company”), is a Nevada company, through its wholly-owned subsidiary, and is engaged in the research, development, manufacturing, sales and servicing of projected capacitive touchscreens. The offering consisted of 2,160,000 shares of common stock at a price.

WestPark Capital Announces Closing of $10.8 Million Public Offering of Common Stock for Wetouch Technology Inc (Nasdaq: WETH )

U.S. IPO Weekly Recap: Reddit And Astera Labs Join The IPO Pipeline In Short Week

The first part of the body of the minutes focused on evidence regarding the current state of the economy, employment, and inflation. The most interesting part of the minutes related to how participants viewed the economy and the appropriate path for policy.

U.S. IPO Weekly Recap: Reddit And Astera Labs Join The IPO Pipeline In Short Week

Wetouch Technology Inc. Announces Closing of $10.8 Million Public Offering of Common Stock

Meishan, Sichuan, China, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Wetouch Technology Inc. (Nasdaq: WETH ) (“Wetouch” or the “Company”), a Nevada company, through its wholly-owned subsidiary, engaged in the research, development, manufacturing, sales and servicing of projected capacitive touchscreens, announced today the closing of its previously announced underwritten public offering of 2,160,000 shares of common stock at a price to the public of $5.00 per share (the “Offering”). The gross proceeds to the Company from this Offering were $10.8 million, prior to deducting offering expenses, commissions and underwriting discounts. In addition, the Company granted the underwriters a 45-day option to purchase up to 324,000 additional shares of common stock at the public offering price per share, less commissions and underwriting discounts.

Wetouch Technology Inc. Announces Closing of $10.8 Million Public Offering of Common Stock

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