Huize (NASDAQ:HUIZ) Shares Down 2.2% – Should You Sell?

Huize Holding Limited Sponsored ADR (NASDAQ:HUIZ) dropped 2.2% on Friday. The stock traded as low as $1.3208 and last traded at $1.33. 9,001 shares traded hands during trading, a decline of 74% from the average session volume of 35,029 shares. The stock had previously closed at $1.36.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Huize from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Huize presently has an average rating of “Sell”.

Huize Trading Down 2.2%

The firm has a fifty day simple moving average of $1.42 and a 200 day simple moving average of $1.45. The stock has a market cap of $13.42 million, a price-to-earnings ratio of 44.33 and a beta of 0.97.

Huize (NASDAQ:HUIZ) last announced its quarterly earnings data on Saturday, August 15th. The company reported $0.14 earnings per share for the quarter. The firm had revenue of $52.98 million for the quarter.

Huize Company Profile

Huize Limited is a China-based digital insurance platform that helps consumers research, compare and purchase insurance products online. The company operates through a technology-enabled model that connects individuals and families with insurance carriers and supports the distribution of protection products through digital channels.

Huize primarily focuses on life and health insurance, including products designed to provide medical, critical illness and long-term protection. Its platform also offers insurance-related services such as policy consultation, customer support and claims assistance, while using data and technology to help match consumers with products suited to their needs.

Founded in 2006, Huize serves customers in China and has developed relationships with multiple insurance providers.