Zhibao Technology (NASDAQ:ZBAO) Shares Down 1.6% – Time to Sell?

Zhibao Technology Inc. (NASDAQ:ZBAO)’s share price fell 1.6% during trading on Tuesday . The stock traded as low as $0.6210 and last traded at $0.6649. 562,816 shares traded hands during trading, an increase of 43% from the average session volume of 394,392 shares. The stock had previously closed at $0.6758.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Zhibao Technology in a research report on Friday, April 10th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Zhibao Technology Trading Up 1.7%

The firm has a fifty day simple moving average of $0.78 and a 200 day simple moving average of $0.87.

Zhibao Technology (NASDAQ:ZBAO) last announced its quarterly earnings results on Tuesday, March 31st. The company reported ($0.01) EPS for the quarter. The business had revenue of $14.72 million during the quarter.

Zhibao Technology Company Profile

Zhibao Technology Inc, through its subsidiaries, provides digital insurance brokerage services in China. It also offers managing general underwriter services; and offline insurance brokerage consulting services. The company was founded in 2015 and is based in Shanghai, China.