Huize (NASDAQ:HUIZ) Shares Down 1.2% – Time to Sell?

Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) shares were down 1.2% during mid-day trading on Tuesday . The company 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.

Analyst Upgrades and Downgrades

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

Huize Trading Down 3.4%

The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.02. The firm has a market cap of $11.40 million, a price-to-earnings ratio of 37.67 and a beta of 0.88. The business has a 50 day moving average price of $1.42 and a 200-day moving average price of $1.82.

Institutional Trading of Huize

An institutional investor recently bought a new stake in Huize stock. SmartHarvest Portfolios LLC bought a new stake in Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,993 shares of the company’s stock, valued at approximately $34,000. SmartHarvest Portfolios LLC owned 0.12% of Huize at the end of the most recent quarter.

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.