Zhihu (NYSE:ZH) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Zhihu Inc. Sponsored ADR (NYSE:ZH)’s share price crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $3.27 and traded as low as $3.20. Zhihu shares last traded at $3.2350, with a volume of 199,015 shares.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Zhihu from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, September 14th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Zhihu currently has a consensus rating of “Sell”.

Zhihu Stock Performance

The company has a market capitalization of $252.73 million, a P/E ratio of -5.31 and a beta of 0.22. The company has a 50-day simple moving average of $3.23 and a 200 day simple moving average of $3.26.

Zhihu (NYSE:ZH) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.07) earnings per share for the quarter. The firm had revenue of $101.58 million for the quarter. Zhihu had a negative return on equity of 7.71% and a negative net margin of 11.33%.

Institutional Trading of Zhihu

A hedge fund recently bought a new stake in Zhihu stock. Ramsey Quantitative Systems purchased a new position in shares of Zhihu Inc. Sponsored ADR (NYSE:ZH) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 53,846 shares of the company’s stock, valued at approximately $169,000. Zhihu accounts for about 0.2% of Ramsey Quantitative Systems’ investment portfolio, making the stock its 25th biggest holding. Ramsey Quantitative Systems owned 0.06% of Zhihu at the end of the most recent quarter. Hedge funds and other institutional investors own 28.92% of the company’s stock.

Zhihu Company Profile

Zhihu Inc operates a Chinese-language online content and knowledge-sharing platform. Its community enables users to ask and answer questions, publish articles, participate in discussions, and share knowledge and opinions across topics such as technology, education, business, culture, and lifestyle.

The company offers a range of content formats and services, including user-generated posts, video and live content, search and recommendation tools, and paid knowledge products. Its commercial activities primarily include online advertising, paid membership and content services, and other products that connect users with professional, educational, and informational content.

Zhihu was founded in 2010 by Zhou Yuan and initially developed as an invitation-only question-and-answer community before opening to the broader public.