Huize (NASDAQ:HUIZ) Shares Up 2.4% – Should You Buy?

Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) shares rose 2.4% during trading on Thursday . The stock traded as high as $1.86 and last traded at $1.71. Approximately 17,573 shares were traded during trading, an increase of 272% from the average daily volume of 4,730 shares. The stock had previously closed at $1.67.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Huize in a research note on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $2.30.

Huize Stock Performance

The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.02. The company has a market cap of $16.75 million, a PE ratio of 55.33 and a beta of 0.40. The firm’s 50-day simple moving average is $2.06 and its two-hundred day simple moving average is $2.89.

Hedge Funds Weigh In On Huize

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

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.