Huize (NASDAQ:HUIZ) Trading Up 7.2% – Here’s What Happened

Shares of Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) traded up 7.2% during trading on Friday . The stock traded as high as $1.81 and last traded at $1.79. 29,250 shares changed hands during trading, an increase of 124% from the average session volume of 13,030 shares. The stock had previously closed at $1.67.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Huize from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Huize currently has an average rating of “Reduce” and an average target price of $2.30.

Huize Trading Up 7.2%

The company’s 50 day simple moving average is $1.63 and its 200 day simple moving average is $2.38. The firm has a market cap of $18.06 million, a price-to-earnings ratio of 59.67 and a beta of 0.89. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.44 and a quick ratio of 1.44.

Hedge Funds Weigh In On Huize

A hedge fund recently bought a new stake in Huize stock. SmartHarvest Portfolios LLC purchased a new position in Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,993 shares of the company’s stock, valued at approximately $34,000. SmartHarvest Portfolios LLC owned approximately 0.12% of Huize as of its most recent SEC filing.

About Huize

Huize Holding Limited operates as a technology-driven online insurance distribution platform in China, offering a wide spectrum of personal insurance products including life, health, accident, property and casualty, and travel policies. Through its proprietary technology infrastructure, the company aggregates product information from insurance carriers, provides comparative quotes, and facilitates policy purchase and after-sales service. Huize’s platform integrates data analytics, automated underwriting tools and user-friendly interfaces to streamline insurance selection and enrollment processes for individual customers and small-to-medium enterprises.

Founded in 2012 and headquartered in Beijing, Huize serves clients across mainland China via a multi-channel distribution model.