Quhuo (NASDAQ:QH) Shares Down 3.9% – Here’s Why

Quhuo Limited Sponsored ADR (NASDAQ:QHGet Free Report) shares dropped 3.9% during trading on Monday . The company traded as low as $1.20 and last traded at $1.24. Approximately 30,404 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 2,059,135 shares. The stock had previously closed at $1.29.

Quhuo Trading Down 3.9%

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a 50-day moving average of $1.19 and a 200-day moving average of $1.33.

Institutional Investors Weigh In On Quhuo

An institutional investor recently bought a new position in Quhuo stock. Renaissance Technologies LLC acquired a new position in Quhuo Limited Sponsored ADR (NASDAQ:QHFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,500 shares of the company’s stock, valued at approximately $34,000. Renaissance Technologies LLC owned approximately 0.38% of Quhuo at the end of the most recent reporting period. 0.17% of the stock is owned by institutional investors.

Quhuo Company Profile

(Get Free Report)

Quhuo Limited, through its subsidiaries, operates a gig economy platform in the People’s Republic of China. The company offers on-demand delivery solutions focusing on preparing food and deliver of other items, such as grocery and fresh food; and mobility services solutions comprise ride-hailing solutions, shared-bike maintenance, freight service, and vehicle export solutions.

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