Boqii (NYSE:BQ) Trading Up 4.7% – Here’s What Happened

Boqii Holding Limited (NYSE:BQ)’s share price rose 4.7% on Tuesday . The stock traded as high as $2.00 and last traded at $2.00. Approximately 42,676 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 64,712 shares. The stock had previously closed at $1.91.

Boqii Stock Performance

The company has a current ratio of 3.12, a quick ratio of 2.60 and a debt-to-equity ratio of 0.18. The company has a 50 day simple moving average of $2.09 and a 200-day simple moving average of $2.89.

Institutional Investors Weigh In On Boqii

Several institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC increased its stake in Boqii by 8.4% during the fourth quarter. Renaissance Technologies LLC now owns 74,864 shares of the company’s stock valued at $27,000 after purchasing an additional 5,800 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Boqii in the 4th quarter worth about $61,000. Finally, Oasis Management Co Ltd. acquired a new position in shares of Boqii in the 4th quarter valued at about $72,000. 1.06% of the stock is owned by institutional investors and hedge funds.

About Boqii

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.