Huize (NASDAQ:HUIZ) Shares Up 7.2% – Here’s Why

Huize Holding Limited Sponsored ADR (NASDAQ:HUIZGet Free Report) shot up 7.2% during mid-day trading on Friday . The stock traded as high as $1.81 and last traded at $1.79. 29,250 shares were traded during trading, an increase of 124% from the average session volume of 13,030 shares. The stock had previously closed at $1.67.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Huize from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $2.30.

Get Our Latest Stock Analysis on Huize

Huize Stock Performance

The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $18.06 million, a PE ratio of 59.67 and a beta of 0.89. The stock’s fifty day simple moving average is $1.63 and its 200-day simple moving average is $2.38.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Huize stock. SmartHarvest Portfolios LLC bought a new stake in Huize Holding Limited Sponsored ADR (NASDAQ:HUIZFree Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,993 shares of the company’s stock, valued at approximately $34,000. SmartHarvest Portfolios LLC owned approximately 0.12% of Huize at the end of the most recent quarter.

Huize Company Profile

(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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