Quhuo (NASDAQ:QH) Stock Rating Lowered by Zacks Investment Research

Quhuo (NASDAQ:QH – Get Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday, Zacks.com reports.

According to Zacks, “Quhuo Limited provides tech-enabled, end-to-end operational solutions to blue-chip on-demand consumer service businesses in industries with e-commerce exposure, including food delivery, ride-hailing, housekeeping and bike-sharing. Quhuo Limited is based in BEIJING, China. “

NASDAQ:QH opened at $0.40 on Thursday. Quhuo has a fifty-two week low of $0.33 and a fifty-two week high of $4.83. The company has a 50 day simple moving average of $0.57 and a two-hundred day simple moving average of $0.92. The company has a market capitalization of $20.80 million, a PE ratio of -1.47 and a beta of -0.07.

Several large investors have recently made changes to their positions in QH. Millennium Management LLC purchased a new position in Quhuo in the third quarter worth $52,000. Virtu Financial LLC bought a new stake in shares of Quhuo during the 4th quarter valued at $33,000. Renaissance Technologies LLC raised its stake in shares of Quhuo by 233.9% during the 4th quarter. Renaissance Technologies LLC now owns 36,401 shares of the company’s stock valued at $40,000 after purchasing an additional 25,500 shares during the period. Finally, Morgan Stanley raised its stake in shares of Quhuo by 149.4% during the 1st quarter. Morgan Stanley now owns 48,502 shares of the company’s stock valued at $301,000 after purchasing an additional 29,058 shares during the period. 0.25% of the stock is currently owned by institutional investors.

Quhuo Company Profile (Get Rating)

Quhuo Limited, through its subsidiaries, operates a workforce operational solution platform in the People's Republic of China. The company provides tech-enabled and end-to-end operational solutions to blue-chip on-demand consumer service businesses in industries with e-commerce exposure, including delivery, ride-hailing, housekeeping, and bike-sharing.

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