Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 553,445 shares were traded during mid-day trading, an increase of 166% from the previous session's volume of 208,383 shares.The stock last traded at $1.90 and had previously closed at $1.45.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of Waterdrop from a "hold" rating to a "buy" rating in a research note on Friday, June 27th.
Get Our Latest Stock Report on Waterdrop
Waterdrop Trading Up 16.3%
The firm has a market cap of $611.14 million, a PE ratio of 11.24 and a beta of -0.30. The business's 50-day simple moving average is $1.40 and its 200 day simple moving average is $1.32.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Waterdrop stock. Jane Street Group LLC bought a new stake in shares of Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 66,075 shares of the company's stock, valued at approximately $78,000. 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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