Shares of Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Get Free Report) dropped 3.3% on Wednesday . The stock traded as low as $1.76 and last traded at $1.77. Approximately 310,969 shares traded hands during trading, a decline of 18% from the average daily volume of 376,971 shares. The stock had previously closed at $1.83.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded Waterdrop from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th.
Read Our Latest Report on Waterdrop
Waterdrop Trading Up 3.7%
The stock has a 50-day simple moving average of $1.59 and a 200 day simple moving average of $1.43. The company has a market cap of $665.15 million, a price-to-earnings ratio of 12.33 and a beta of -0.28.
Institutional Trading of Waterdrop
A number of hedge funds have recently modified their holdings of WDH. Jane Street Group LLC purchased a new stake in shares of Waterdrop in the fourth quarter worth about $78,000. Baader Bank Aktiengesellschaft boosted its stake in shares of Waterdrop by 28.6% in the first 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 last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Waterdrop in the second quarter worth about $372,000. Invesco Ltd. purchased a new stake in shares of Waterdrop in the second quarter worth about $156,000. Finally, Marshall Wace LLP purchased a new stake in shares of Waterdrop in the second quarter worth about $25,000. Hedge funds and other institutional investors 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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