Waterdrop Inc. (NYSE:WDH - Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 231,586 shares were traded during mid-day trading, a decline of 9% from the previous session's volume of 255,706 shares.The stock last traded at $1.29 and had previously closed at $1.30.
Analyst Ratings Changes
Separately, TheStreet raised Waterdrop from a "d+" rating to a "c-" rating in a report on Thursday, March 14th.
View Our Latest Report on Waterdrop
Waterdrop Stock Performance
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 stock has a 50 day simple moving average of $1.19 and a two-hundred day simple moving average of $1.13. The company has a market cap of $500.47 million, a PE ratio of 25.61 and a beta of -0.33.
Waterdrop Dividend Announcement
The company also recently disclosed a -- dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 19th will be paid a $0.032 dividend. The ex-dividend date is Thursday, April 18th.
Institutional Investors Weigh In On Waterdrop
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in shares of Waterdrop by 239.9% during the fourth quarter. Bank of America Corp DE now owns 8,497 shares of the company's stock worth $28,000 after purchasing an additional 5,997 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in shares of Waterdrop during the second quarter worth approximately $33,000. Squarepoint Ops LLC purchased a new stake in shares of Waterdrop during the fourth quarter worth approximately $58,000. Qube Research & Technologies Ltd purchased a new stake in shares of Waterdrop during the third quarter worth approximately $29,000. Finally, Virtu Financial LLC purchased a new stake in shares of Waterdrop during the fourth quarter worth approximately $33,000. Hedge funds and other institutional investors own 1.96% of the company's stock.
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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