Zhihu (NYSE:ZH) Trading Down 4.1% – Here’s What Happened

Zhihu Inc. Sponsored ADR (NYSE:ZHGet Free Report) traded down 4.1% during trading on Monday . The company traded as low as $3.35 and last traded at $3.3550. 344,347 shares changed hands during trading, an increase of 26% from the average session volume of 273,921 shares. The stock had previously closed at $3.50.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded Zhihu from a “sell” rating to a “hold” rating in a research report on Sunday, December 28th. Weiss Ratings reissued a “sell (d)” rating on shares of Zhihu in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Read Our Latest Stock Report on ZH

Zhihu Price Performance

The firm has a market cap of $295.88 million, a P/E ratio of 20.97 and a beta of 0.25. The stock’s 50-day moving average price is $3.55 and its 200 day moving average price is $4.13.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Zhihu stock. Ameriprise Financial Inc. boosted its position in Zhihu Inc. Sponsored ADR (NYSE:ZHFree Report) by 44.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 36,088 shares of the company’s stock after purchasing an additional 11,082 shares during the period. Ameriprise Financial Inc.’s holdings in Zhihu were worth $183,000 as of its most recent filing with the SEC. 28.92% of the stock is owned by institutional investors.

About Zhihu

(Get Free Report)

Zhihu is China’s leading online question-and-answer platform, providing a space where users can ask questions, share knowledge, and engage with content across science, technology, business, culture, and lifestyle. Founded in 2011 and headquartered in Beijing, Zhihu has cultivated a community-driven environment that emphasizes credible, in-depth answers from experts, professionals, and enthusiasts.

The company’s core service revolves around its Q&A platform, enabling registered users to post questions and receive comprehensive responses.

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