Huize (NASDAQ:HUIZ) Trading Up 7.2% – Here’s What Happened

Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ)’s stock price was up 7.2% during trading on Friday . The company traded as high as $1.81 and last traded at $1.79. Approximately 29,250 shares were traded during trading, an increase of 124% from the average daily volume of 13,030 shares. The stock had previously closed at $1.67.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Huize from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $2.30.

Huize Trading Up 7.2%

The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $18.06 million, a price-to-earnings ratio of 59.67 and a beta of 0.89. The company has a fifty day moving average of $1.63 and a 200-day moving average of $2.38.

Institutional Investors Weigh In On Huize

A hedge fund recently bought a new stake in Huize stock. SmartHarvest Portfolios LLC bought a new position in shares of Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,993 shares of the company’s stock, valued at approximately $34,000. SmartHarvest Portfolios LLC owned about 0.12% of Huize at the end of the most recent reporting period.

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.