Huize (NASDAQ:HUIZ) Stock Price Down 8.7% – Time to Sell?

Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) fell 8.7% on Friday . The stock traded as low as $1.50 and last traded at $1.57. 12,512 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 722,909 shares. The stock had previously closed at $1.72.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Huize in a report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Huize presently has an average rating of “Reduce” and an average target price of $2.30.

Huize Stock Down 8.7%

The firm has a market cap of $15.84 million, a P/E ratio of 52.33 and a beta of 0.60. The firm’s 50-day simple moving average is $1.76 and its 200 day simple moving average is $2.64.

Institutional Trading of Huize

A hedge fund recently bought a new stake in Huize stock. SmartHarvest Portfolios LLC acquired a new position in shares of Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,993 shares of the company’s stock, valued at approximately $34,000. SmartHarvest Portfolios LLC owned approximately 0.12% of Huize as of its most recent filing with the Securities and Exchange Commission.

About Huize

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.