Waterdrop (NYSE:WDH) Stock Falls 0.5% – Time to Sell?

Waterdrop Inc. Unsponsored ADR (NYSE:WDH) dropped 0.5% during trading on Wednesday. The company traded as low as $1.01 and last traded at $1.0250. Approximately 534,103 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 1,103,368 shares. The stock had previously closed at $1.03.

Analyst Ratings Changes

WDH has been the subject of a number of research reports. Wall Street Zen cut shares of Waterdrop from a “buy” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings cut Waterdrop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Waterdrop Trading Up 1.5%

The company has a market capitalization of $373.51 million, a price-to-earnings ratio of 4.93 and a beta of -0.24. The firm’s 50 day simple moving average is $1.03 and its 200-day simple moving average is $1.32.

Waterdrop (NYSE:WDH) last released its earnings results on Tuesday, September 8th. The company reported $0.05 EPS for the quarter. Waterdrop had a net margin of 10.69% and a return on equity of 10.47%. The company had revenue of $213.16 million during the quarter.

Waterdrop Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, November 6th. Shareholders of record on Friday, October 9th will be issued a $0.03 dividend. This represents a yield of 558.0%. The ex-dividend date of this dividend is Friday, October 9th. Waterdrop’s payout ratio is currently 23.81%.

Hedge Funds Weigh In On Waterdrop

An institutional investor recently bought a new stake in Waterdrop stock. Renaissance Technologies LLC purchased a new stake in Waterdrop Inc. Unsponsored ADR (NYSE:WDH) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 57,957 shares of the company’s stock, valued at approximately $94,000. 1.96% of the stock is currently owned by institutional investors.

About Waterdrop

Waterdrop Inc (NYSE: WDH) is a technology platform company based in China that focuses on insurance services and healthcare-related support. The company uses digital platforms to connect consumers with insurance products and services, with an emphasis on improving access to protection and medical assistance.

Its principal business is the Waterdrop Insurance Marketplace, an online platform that helps individuals compare and purchase insurance products from third-party insurers. Waterdrop also operates Waterdrop Medical Crowdfunding, which enables individuals and families to seek financial assistance for medical expenses through online fundraising campaigns.

Waterdrop was founded in 2016 by Shen Peng, who has served as the company’s chairman and chief executive officer.