iHuman (NYSE:IH) Trading Down 2.4% – Here’s Why

Shares of iHuman Inc. Sponsored ADR (NYSE:IH) dropped 2.4% on Monday . The stock traded as low as $1.20 and last traded at $1.22. Approximately 9,052 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 11,102 shares. The stock had previously closed at $1.25.

iHuman Trading Down 2.4%

The company has a market capitalization of $62.35 million, a price-to-earnings ratio of 6.42 and a beta of 0.18. The company’s 50 day simple moving average is $1.36 and its 200-day simple moving average is $1.58.

Institutional Trading of iHuman

A hedge fund recently bought a new position in iHuman stock. Acadian Asset Management LLC bought a new position in iHuman Inc. Sponsored ADR (NYSE:IH) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,067 shares of the company’s stock, valued at approximately $32,000. 4.92% of the stock is owned by hedge funds and other institutional investors.

iHuman Company Profile

iHuman Inc provides intellectual development products to individual users, kindergartens, and distributors in the People’s Republic of China. The company offers interactive and self-directed learning apps, including iHuman Chinese, iHuman ABC, iHuman Pinyin, iHuman Magic Thinking, iHuman Books, iHuman Stories, iHuman Reading, iHumanpedia, iHuman Kids Workout, iHuman Coding, iHuman Fun Idioms, iHuman Little Artists, iHuman Writing, iHuman Fantastic Friends, and iHuman Readers; bekids Coding, bekids Coloring, bekids Reading, bekids Puzzle, bekids Academy, and Gogo Town; and Aha World, an open-ended interactive app that nurtures a desire for discovery.