Boqii (NYSE:BQ) Shares Scheduled to Reverse Split on Tuesday, May 31st

Boqii Holding Limited (NYSE:BQGet Rating) shares are scheduled to reverse split before the market opens on Tuesday, May 31st. The 1-8 reverse split was announced on Tuesday, May 31st. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, May 31st.

Shares of Boqii stock opened at $0.28 on Monday. The stock has a 50 day moving average of $0.39 and a 200 day moving average of $0.79. Boqii has a 12 month low of $0.22 and a 12 month high of $6.22. The firm has a market cap of $24.99 million, a PE ratio of -1.11 and a beta of 1.28. The company has a current ratio of 1.85, a quick ratio of 1.48 and a debt-to-equity ratio of 1.22.

Boqii (NYSE:BQGet Rating) last announced its quarterly earnings results on Thursday, March 3rd. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.04. Boqii had a negative return on equity of 89.22% and a negative net margin of 12.56%. The company had revenue of $52.19 million during the quarter, compared to analyst estimates of $58.23 million. During the same period in the prior year, the company earned ($0.05) earnings per share. As a group, equities research analysts forecast that Boqii will post -0.3 earnings per share for the current fiscal year.

Separately, Zacks Investment Research lowered Boqii from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd.

Hedge funds have recently bought and sold shares of the business. MARSHALL WACE ASIA Ltd bought a new position in Boqii during the third quarter valued at $168,000. Morgan Stanley grew its holdings in shares of Boqii by 9,907.7% in the second quarter. Morgan Stanley now owns 49,538 shares of the company’s stock worth $223,000 after purchasing an additional 49,043 shares during the last quarter. Susquehanna International Group LLP grew its holdings in shares of Boqii by 425.6% in the fourth quarter. Susquehanna International Group LLP now owns 175,769 shares of the company’s stock worth $155,000 after purchasing an additional 142,325 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Boqii by 31.2% in the fourth quarter. Marshall Wace LLP now owns 163,986 shares of the company’s stock worth $145,000 after purchasing an additional 38,984 shares during the last quarter. Finally, Citadel Advisors LLC grew its holdings in shares of Boqii by 1,237.1% in the fourth quarter. Citadel Advisors LLC now owns 85,133 shares of the company’s stock worth $75,000 after purchasing an additional 78,766 shares during the last quarter. Institutional investors and hedge funds own 17.20% of the company’s stock.

About Boqii (Get Rating)

Boqii Holding Limited operates a pet-focused platform in the People's Republic of China. The company offers food, treats, shampoos, toys, cages, apparel, OTC veterinary drugs, and other pet products to pet parents, and small and medium pet businesses through e-commerce platforms and offline distribution network.

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