Zhihu (NYSE:ZH) Shares Gap Down to $1.32

Zhihu Inc. (NYSE:ZHGet Rating)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $1.32, but opened at $1.25. Zhihu shares last traded at $1.32, with a volume of 6,935 shares changing hands.

Zhihu Price Performance

The company’s 50-day simple moving average is $1.11 and its 200-day simple moving average is $1.38. The company has a market cap of $814.48 million, a price-to-earnings ratio of -2.78 and a beta of 0.15.

Zhihu (NYSE:ZHGet Rating) last released its quarterly earnings results on Tuesday, August 30th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.03. Zhihu had a negative net margin of 51.27% and a negative return on equity of 26.75%. The business had revenue of $124.81 million during the quarter, compared to the consensus estimate of $125.97 million. Equities analysts predict that Zhihu Inc. will post -0.49 EPS for the current fiscal year.

Institutional Trading of Zhihu

A number of hedge funds have recently made changes to their positions in ZH. DRW Securities LLC acquired a new stake in shares of Zhihu during the first quarter worth approximately $27,000. Bluefin Capital Management LLC acquired a new stake in shares of Zhihu during the second quarter worth approximately $31,000. Quantbot Technologies LP lifted its stake in Zhihu by 628.2% during the second quarter. Quantbot Technologies LP now owns 17,477 shares of the company’s stock worth $31,000 after purchasing an additional 15,077 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in Zhihu during the second quarter worth $69,000. Finally, Verition Fund Management LLC bought a new position in Zhihu during the second quarter worth $106,000. Institutional investors and hedge funds own 20.87% of the company’s stock.

About Zhihu

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Zhihu Inc operates an online content community in the People's Republic of China. Its community allows people to seek inspiration, find solutions, make decisions, and have fun. The company also offers technology, business support, and consulting services; information transmission, software, and information technology services; information and marketing services; vocational training; and internet services, as well as holds audio-visual permit.

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