Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $2.17 and last traded at $2.03, with a volume of 851058 shares traded. The stock had previously closed at $1.82.
Analyst Ratings Changes
Separately, Wall Street Zen cut shares of Waterdrop from a "buy" rating to a "hold" rating in a research report on Saturday.
View Our Latest Research Report on Waterdrop
Waterdrop Stock Performance
The stock has a market cap of $686.36 million, a price-to-earnings ratio of 12.62 and a beta of -0.30. The firm's 50-day simple moving average is $1.46 and its two-hundred day simple moving average is $1.35.
Institutional Investors Weigh In On Waterdrop
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in Waterdrop in the 4th quarter valued at about $78,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Waterdrop in the 2nd quarter valued at about $372,000. Finally, Baader Bank Aktiengesellschaft grew its position in shares of Waterdrop by 28.6% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 1,660,910 shares of the company's stock worth $2,475,000 after buying an additional 369,325 shares during the period. Institutional investors and hedge funds own 1.96% of the company's stock.
About Waterdrop
(
Get Free Report)
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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