Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $1.98, but opened at $2.06. Waterdrop shares last traded at $2.08, with a volume of 107,766 shares.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded shares of Waterdrop from a "hold" rating to a "buy" rating in a report on Friday, June 27th.
View Our Latest Analysis on WDH
Waterdrop Stock Performance
The stock's 50-day simple moving average is $1.45 and its 200 day simple moving average is $1.34. The company has a market capitalization of $771.36 million, a PE ratio of 14.23 and a beta of -0.30.
Institutional Investors Weigh In On Waterdrop
Large investors have recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in shares of Waterdrop in the 4th quarter valued at approximately $78,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Waterdrop in the 2nd quarter valued at approximately $372,000. Finally, Baader Bank Aktiengesellschaft increased its position in shares of Waterdrop by 28.6% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 1,660,910 shares of the company's stock valued at $2,475,000 after purchasing an additional 369,325 shares during the last quarter. 1.96% of the stock is owned by hedge funds and other institutional investors.
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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