Huize (NASDAQ:HUIZ) Shares Down 1.2% – Here’s What Happened

Huize Holding Limited Sponsored ADR (NASDAQ:HUIZGet Free Report)’s stock price fell 1.2% on Tuesday . The stock traded as low as $1.15 and last traded at $1.1760. Approximately 2,618 shares were traded during trading, a decline of 79% from the average session volume of 12,561 shares. The stock had previously closed at $1.19.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Huize from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

View Our Latest Analysis on HUIZ

Huize Trading Down 1.2%

The company has a 50 day moving average of $1.43 and a 200 day moving average of $1.83. The firm has a market cap of $11.87 million, a P/E ratio of 39.20 and a beta of 0.88. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.44 and a current ratio of 1.44.

Institutional Trading of Huize

An institutional investor recently bought a new stake in Huize stock. SmartHarvest Portfolios LLC purchased a new position in shares of Huize Holding Limited Sponsored ADR (NASDAQ:HUIZFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 11,993 shares of the company’s stock, valued at approximately $34,000. SmartHarvest Portfolios LLC owned about 0.12% of Huize as of its most recent SEC filing.

Huize Company Profile

(Get Free Report)

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.

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