Zhibao Technology (NASDAQ:ZBAO) Stock Price Up 9.3% – Still a Buy?

Zhibao Technology Inc. (NASDAQ:ZBAO) rose 9.3% during trading on Friday . The company traded as high as $1.01 and last traded at $0.7463. Approximately 2,451,564 shares were traded during mid-day trading, an increase of 671% from the average daily volume of 318,014 shares. The stock had previously closed at $0.6829.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Zhibao Technology in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Zhibao Technology Stock Performance

The firm has a 50 day simple moving average of $0.80 and a 200-day simple moving average of $0.89.

Zhibao Technology (NASDAQ:ZBAO) last released its quarterly earnings data on Tuesday, March 31st. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $14.72 million during the quarter.

About Zhibao Technology

Zhibao Technology Inc, through its subsidiaries, provides digital insurance brokerage services in China. It also offers managing general underwriter services; and offline insurance brokerage consulting services. The company was founded in 2015 and is based in Shanghai, China.