Waterdrop (NYSE:WDH) Shares Gap Up to $1.27

Waterdrop Inc. (NYSE:WDH – Get Rating) gapped up prior to trading on Thursday . The stock had previously closed at $1.27, but opened at $1.34. Waterdrop shares last traded at $1.34, with a volume of 25 shares traded.

Waterdrop Trading Down 3.0 %

The company’s 50 day moving average is $1.30 and its 200-day moving average is $1.37. The company has a market capitalization of $5.12 billion, a P/E ratio of -2.32 and a beta of -0.93.

Waterdrop (NYSE:WDH – Get Rating) last issued its quarterly earnings results on Wednesday, June 15th. The company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $102.33 million during the quarter. Waterdrop had a negative net margin of 36.72% and a negative return on equity of 26.05%. Analysts predict that Waterdrop Inc. will post -0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Waterdrop

An institutional investor recently bought a new position in Waterdrop stock. GSA Capital Partners LLP bought a new stake in shares of Waterdrop Inc. (NYSE:WDH – Get Rating) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 24,124 shares of the company’s stock, valued at approximately $36,000. 0.16% of the stock is owned by institutional investors.

About Waterdrop

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Waterdrop Inc, through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People's Republic of China. The company offers short-term health and long-term health and life insurance products and services.