Huize (NASDAQ:HUIZ) Shares Up 1% – Still a Buy?

Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ)’s stock price shot up 1% during mid-day trading on Wednesday . The stock traded as high as $1.98 and last traded at $1.98. 2,024 shares changed hands during trading, a decline of 48% from the average session volume of 3,909 shares. The stock had previously closed at $1.96.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Huize in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Huize presently has an average rating of “Reduce” and an average target price of $2.30.

Huize Stock Up 1.0%

The stock has a 50-day moving average of $2.50 and a 200-day moving average of $2.95. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.02. The company has a market cap of $19.98 million, a PE ratio of 66.00 and a beta of 0.45.

Institutional Investors Weigh In On Huize

An institutional investor recently bought a new position in Huize stock. SmartHarvest Portfolios LLC purchased a new position in Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 11,993 shares of the company’s stock, valued at approximately $34,000. SmartHarvest Portfolios LLC owned approximately 0.12% of Huize at the end of the most recent reporting period.

Huize Company Profile

Huize Holding Limited operates as a technology-driven online insurance distribution platform in China, offering a wide spectrum of personal insurance products including life, health, accident, property and casualty, and travel policies. Through its proprietary technology infrastructure, the company aggregates product information from insurance carriers, provides comparative quotes, and facilitates policy purchase and after-sales service. Huize’s platform integrates data analytics, automated underwriting tools and user-friendly interfaces to streamline insurance selection and enrollment processes for individual customers and small-to-medium enterprises.

Founded in 2012 and headquartered in Beijing, Huize serves clients across mainland China via a multi-channel distribution model.