Zhibao Technology (NASDAQ:ZBAO) Trading Down 1.6% – Here’s Why

Zhibao Technology Inc. (NASDAQ:ZBAO) shares traded down 1.6% on Tuesday . The company traded as low as $0.6210 and last traded at $0.6649. 562,816 shares changed hands during trading, an increase of 43% from the average session volume of 394,392 shares. The stock had previously closed at $0.6758.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zhibao Technology in a report on Friday, April 10th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Zhibao Technology currently has an average rating of “Sell”.

Zhibao Technology Price Performance

The firm’s fifty day simple moving average is $0.79 and its 200 day simple moving average is $0.87.

Zhibao Technology (NASDAQ:ZBAO) last posted its quarterly earnings results on Tuesday, March 31st. The company reported ($0.01) EPS for the quarter. The business had revenue of $14.72 million for the quarter.

Zhibao Technology Company Profile

Zhibao Technology Inc, through its subsidiaries, provides digital insurance brokerage services in China. It also offers managing general underwriter services; and offline insurance brokerage consulting services. The company was founded in 2015 and is based in Shanghai, China.