Quhuo (NASDAQ:QH) Shares Down 15.8% – Should You Sell?

Quhuo Limited Sponsored ADR (NASDAQ:QH) shares dropped 15.8% on Monday . The company traded as low as $1.23 and last traded at $1.33. Approximately 837,449 shares traded hands during trading, an increase of 9% from the average daily volume of 766,911 shares. The stock had previously closed at $1.58.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on QH shares. Wall Street Zen cut shares of Quhuo from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Quhuo in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Quhuo has an average rating of “Sell”.

Quhuo Trading Down 8.1%

The firm has a 50-day moving average of $2.72 and a two-hundred day moving average of $35.58.

Quhuo (NASDAQ:QH) last issued its quarterly earnings data on Friday, September 26th. The company reported ($27.00) EPS for the quarter. The firm had revenue of $78.96 million for the quarter.

Quhuo Company Profile

Quhuo Limited, through its subsidiaries, operates a gig economy platform in the People’s Republic of China. The company offers on-demand delivery solutions focusing on preparing food and deliver of other items, such as grocery and fresh food; and mobility services solutions comprise ride-hailing solutions, shared-bike maintenance, freight service, and vehicle export solutions.