Huize (NASDAQ:HUIZ) Shares Up 1% – Time to Buy?

Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) rose 1% during mid-day trading on Wednesday . The company traded as high as $1.98 and last traded at $1.98. Approximately 2,024 shares were traded during trading, a decline of 48% from the average daily volume of 3,909 shares. The stock had previously closed at $1.96.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Huize in a research note on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $2.30.

Huize Stock Performance

The business’s 50-day moving average is $2.50 and its 200 day moving average is $2.95. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.48 and a current ratio of 1.48. The company has a market cap of $19.98 million, a PE ratio of 66.00 and a beta of 0.45.

Hedge Funds Weigh In On Huize

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

Huize Company Profile

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.