Quhuo (NASDAQ:QH) Trading Down 5.2% – Here’s Why

Quhuo Limited Sponsored ADR (NASDAQ:QHGet Free Report) dropped 5.2% during mid-day trading on Friday . The stock traded as low as $0.9010 and last traded at $0.9197. Approximately 126,113 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 5,206,158 shares. The stock had previously closed at $0.9698.

Wall Street Analysts Forecast Growth

QH has been the topic of a number of recent research reports. Wall Street Zen cut Quhuo from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Quhuo in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Quhuo presently has a consensus rating of “Sell”.

Read Our Latest Analysis on QH

Quhuo Stock Performance

The firm has a 50 day moving average price of $4.83 and a two-hundred day moving average price of $49.38.

About Quhuo

(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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