Boqii (NYSE:BQ) Trading Down 9.9% – What’s Next?

Boqii Holding Limited (NYSE:BQ) was down 9.9% during trading on Friday . The company traded as low as $0.38 and last traded at $0.40. Approximately 222,220 shares traded hands during trading, a decline of 71% from the average daily volume of 776,127 shares. The stock had previously closed at $0.44.

Boqii Stock Performance

The company has a current ratio of 3.86, a quick ratio of 3.10 and a debt-to-equity ratio of 0.17. The firm’s 50-day moving average price is $0.47 and its 200-day moving average price is $0.42.

Institutional Trading of Boqii

A hedge fund recently bought a new stake in Boqii stock. Renaissance Technologies LLC acquired a new stake in shares of Boqii Holding Limited (NYSE:BQ) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 55,864 shares of the company’s stock, valued at approximately $29,000. Renaissance Technologies LLC owned approximately 1.18% of Boqii at the end of the most recent reporting period. Institutional investors own 1.06% of the company’s stock.

Boqii Company Profile

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.