Zhihu (NYSE:ZH) Trading Up 6.9% – Should You Buy?

Zhihu Inc. Sponsored ADR (NYSE:ZH)’s share price traded up 6.9% on Monday . The stock traded as high as $3.45 and last traded at $3.43. 2,125,619 shares were traded during mid-day trading, an increase of 386% from the average session volume of 437,709 shares. The stock had previously closed at $3.21.

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 note on Saturday, June 6th. Weiss Ratings raised shares of Zhihu from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, September 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Zhihu Stock Down 0.5%

The business has a 50-day simple moving average of $3.10 and a two-hundred day simple moving average of $3.14. The stock has a market capitalization of $303.18 million, a price-to-earnings ratio of -6.37 and a beta of 0.26.

Zhihu (NYSE:ZH) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $101.58 million during the quarter. Zhihu had a negative return on equity of 7.71% and a negative net margin of 11.33%.

Hedge Funds Weigh In On Zhihu

An institutional investor recently bought a new stake in Zhihu stock. Ramsey Quantitative Systems bought a new stake in shares of Zhihu Inc. Sponsored ADR (NYSE:ZH) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 53,846 shares of the company’s stock, valued at approximately $169,000. Zhihu accounts for approximately 0.2% of Ramsey Quantitative Systems’ portfolio, making the stock its 25th largest holding. Ramsey Quantitative Systems owned 0.06% of Zhihu at the end of the most recent reporting period. Hedge funds and other institutional investors own 28.92% of the company’s stock.

About Zhihu

Zhihu Inc operates a Chinese-language online content and knowledge-sharing platform. Its community allows users to ask and answer questions, exchange opinions, publish articles and other content, and participate in discussions across a broad range of subjects, including technology, education, business, culture and lifestyle.

The company offers products and services designed to help users discover and share knowledge. Its activities include user-generated content, professional and creator content, paid memberships, digital content and other knowledge-based services.