Huize (NASDAQ:HUIZ – Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.14 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $52.98 million during the quarter.
Huize Trading Up 20.7%
HUIZ stock opened at $1.46 on Thursday. The firm has a market cap of $14.73 million, a P/E ratio of 48.67 and a beta of 0.91. Huize has a 52-week low of $1.04 and a 52-week high of $4.53. The company’s 50-day simple moving average is $1.25 and its 200-day simple moving average is $1.55. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.02.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded Huize from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.
Institutional Trading of Huize
A hedge fund recently bought a new position in Huize stock. SmartHarvest Portfolios LLC acquired a new position in shares of Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ – Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 11,993 shares of the company’s stock, valued at approximately $34,000. SmartHarvest Portfolios LLC owned approximately 0.12% of Huize at the end of the most recent quarter.
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.
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