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

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

Analyst Ratings Changes

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

Quhuo Price Performance

The business has a 50 day moving average price of $2.96 and a 200 day moving average price of $36.58.

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

About Quhuo

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.