Huize (NASDAQ:HUIZ) Stock Price Up 37.2% – Here’s Why

Huize Holding Limited Sponsored ADR (NASDAQ:HUIZGet Free Report)’s stock price was up 37.2% on Friday . The stock traded as high as $2.9299 and last traded at $1.66. 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.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Huize from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Get Our Latest Report on Huize

Huize Stock Performance

The company has a market capitalization of $16.75 million, a PE ratio of 55.33 and a beta of 0.91. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.44 and a current ratio of 1.44. The stock’s fifty day simple moving average is $1.26 and its 200-day simple moving average is $1.60.

Hedge Funds 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:HUIZFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 filing with the Securities and Exchange Commission (SEC).

About Huize

(Get Free Report)

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.

Further Reading

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