Huize (NASDAQ:HUIZ) Trading Up 37.2% – Here’s What Happened
by Kim Johansen · The Markets DailyHuize Holding Limited Sponsored ADR (NASDAQ:HUIZ – Get Free Report)’s stock price was up 37.2% during mid-day trading on Friday . The stock traded as high as $2.9299 and last traded at $1.66. Approximately 28,425,418 shares traded hands during mid-day trading, an increase of 292,766% from the average daily volume of 9,706 shares. The stock had previously closed at $1.2101.
Analyst Ratings Changes
Separately, Weiss Ratings cut shares of Huize from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.
Get Our Latest Analysis on HUIZ
Huize Stock Up 37.2%
The business has a 50 day moving average of $1.26 and a 200 day moving average of $1.60. The firm has a market capitalization of $16.75 million, a price-to-earnings ratio of 55.33 and a beta of 0.91. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.44 and a quick ratio of 1.44.
Hedge Funds Weigh In On Huize
An institutional investor recently bought a new position in Huize stock. SmartHarvest Portfolios LLC purchased a new stake in shares of Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,993 shares of the company’s stock, valued at approximately $34,000. SmartHarvest Portfolios LLC owned 0.12% of Huize as of its most recent SEC filing.
About Huize
Huize Holding Limited operates as a technology-driven online insurance distribution platform in China, offering a wide spectrum of personal insurance products including life, health, accident, property and casualty, and travel policies. Through its proprietary technology infrastructure, the company aggregates product information from insurance carriers, provides comparative quotes, and facilitates policy purchase and after-sales service. Huize’s platform integrates data analytics, automated underwriting tools and user-friendly interfaces to streamline insurance selection and enrollment processes for individual customers and small-to-medium enterprises.
Founded in 2012 and headquartered in Beijing, Huize serves clients across mainland China via a multi-channel distribution model.