Waterdrop Inc. (NYSE:WDH - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $1.29, but opened at $1.26. Waterdrop shares last traded at $1.28, with a volume of 237,632 shares.
Analysts Set New Price Targets
Separately, TheStreet raised shares of Waterdrop from a "d+" rating to a "c-" rating in a report on Thursday, March 14th.
Check Out Our Latest Report on Waterdrop
Waterdrop Stock Down 0.8 %
The company has a 50-day moving average of $1.15 and a two-hundred day moving average of $1.12. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.96 and a quick ratio of 4.11. The company has a market capitalization of $500.47 million, a PE ratio of 25.60 and a beta of -0.33.
Waterdrop Announces Dividend
The business also recently disclosed a -- dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be given a dividend of $0.032 per share. The ex-dividend date of this dividend is Thursday, April 18th.
Institutional Investors Weigh In On Waterdrop
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WDH. New York State Common Retirement Fund purchased a new stake in Waterdrop in the 1st quarter worth $375,000. State Street Corp grew its position in shares of Waterdrop by 177.7% during the second quarter. State Street Corp now owns 136,904 shares of the company's stock worth $285,000 after purchasing an additional 87,596 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Waterdrop during the first quarter worth about $234,000. Two Sigma Investments LP bought a new stake in Waterdrop during the 1st quarter valued at approximately $149,000. Finally, Sei Investments Co. bought a new position in Waterdrop in the 1st quarter worth approximately $141,000. 1.96% of the stock is owned by hedge funds and other institutional investors.
About Waterdrop
(
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Waterdrop Inc, through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People's Republic of China. The company offers short-term health and long-term health and life insurance products and services.
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