Waterdrop (NYSE:WDH) Sees Strong Trading Volume - Should You Buy?

Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 553,445 shares were traded during 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 Ratings Changes

Separately, Wall Street Zen raised shares of Waterdrop from a "hold" rating to a "buy" rating in a research report on Friday, June 27th.

Waterdrop Stock Performance

The firm has a 50 day simple moving average of $1.41 and a two-hundred day simple moving average of $1.33. The firm has a market capitalization of $605.34 million, a P/E ratio of 11.13 and a beta of -0.30.

Institutional Investors Weigh In On Waterdrop

An institutional investor recently bought a new position in Waterdrop stock. Jane Street Group LLC bought a new stake in shares of Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 66,075 shares of the company's stock, valued at approximately $78,000. 1.96% of the stock is owned by institutional investors.

Waterdrop Company Profile

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.