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Wetouch Technology ( (WETH) ) has provided an update.
Wetouch Technology Inc. received a letter from Nasdaq on June 26, 2025, indicating acceptance of the company’s compliance plan regarding its failure to meet Nasdaq Listing Rule 5250(c)(1), which mandates timely filing of financial reports. The company had delayed filing its Annual Report for 2024 and Quarterly Report for the first quarter of 2025. Nasdaq granted an extension until October 13, 2025, to file the outstanding reports and regain compliance. Wetouch Technology is actively working to complete the necessary audits and reviews to meet Nasdaq’s requirements.
Spark’s Take on WETH Stock
According to Spark, TipRanks’ AI Analyst, WETH is a Neutral.
Wetouch Technology’s stock is characterized by moderate financial performance and attractive valuation, offset by technical indicators that suggest potential short-term volatility. The company’s financials are stable, but profitability and cash flow challenges, alongside high leverage, pose risks. The stock’s undervaluation could appeal to value investors, while the absence of a dividend yield might deter others.
To see Spark’s full report on WETH stock, click here.
More about Wetouch Technology
Average Trading Volume: 111,409
Technical Sentiment Signal: Sell
See more data about WETH stock on TipRanks’ Stock Analysis page.