Zhibao Technology (NASDAQ:ZBAO) Stock Rating Raised to “Sell” at Wall Street Zen

Wall Street Zen upgraded shares of Zhibao Technology (NASDAQ:ZBAO) to a sell rating in a research note published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Zhibao Technology in a report on Friday, October 2nd. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Zhibao Technology Trading Down 33.5%

Zhibao Technology stock opened at $0.63 on Friday. Zhibao Technology has a fifty-two week low of $0.56 and a fifty-two week high of $67.00. The firm has a 50 day moving average price of $6.60 and a 200 day moving average price of $21.64.

About Zhibao Technology

Zhibao Technology Inc is an insurance technology company based in China. Through its digital platform and related services, the company focuses on insurance brokerage and the distribution of commercial property and casualty insurance products.

Zhibao Technology works with businesses and insurance providers to support the design, placement and servicing of insurance coverage. Its technology-based model is intended to streamline insurance transactions and help commercial customers access insurance products through digital channels.

The company operates primarily in the Chinese insurance market.