Quhuo (NASDAQ:QH) Stock Price Down 2.2% – Here’s Why

Quhuo Limited Sponsored ADR (NASDAQ:QH) shares traded down 2.2% on Tuesday . The stock traded as low as $0.8550 and last traded at $0.90. 96,426 shares were traded during mid-day trading, a decline of 27% from the average session volume of 132,391 shares. The stock had previously closed at $0.92.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Quhuo in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Quhuo Stock Performance

The stock’s 50 day moving average price is $1.07 and its 200-day moving average price is $8.95.

Quhuo (NASDAQ:QH) last announced its quarterly earnings data on Friday, September 26th. The company reported ($27.00) earnings per share for the quarter. The company had revenue of $78.96 million for the quarter.

Quhuo Company Profile

Quhuo Inc is a China-based mobile internet platform that provides digital solutions for personalized mobility and driver management services. The company connects passengers and corporate clients with professional chauffeurs through its on-demand and scheduled ride-hailing offerings, emphasizing safety, reliability and customer experience. Quhuo’s smartphone applications support real-time booking, route optimization and seamless digital payment processing for iOS and Android users.

In addition to its core passenger transportation business, Quhuo delivers business-to-business SaaS solutions to automotive enterprises and logistics providers.