Boqii (NYSE:BQ) Stock Price Down 4.2% – What’s Next?

Boqii Holding Limited (NYSE:BQ) shares fell 4.2% on Wednesday . The company traded as low as $2.44 and last traded at $2.48. 5,617 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 68,789 shares. The stock had previously closed at $2.59.

Boqii Price Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 3.12 and a quick ratio of 2.60. The business’s 50-day simple moving average is $3.04 and its two-hundred day simple moving average is $3.76.

Hedge Funds Weigh In On Boqii

A number of hedge funds have recently bought and sold shares of BQ. Renaissance Technologies LLC increased its position in shares of Boqii by 8.4% in the fourth quarter. Renaissance Technologies LLC now owns 74,864 shares of the company’s stock valued at $27,000 after buying an additional 5,800 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Boqii in the 4th quarter valued at $61,000. Finally, Oasis Management Co Ltd. purchased a new stake in Boqii in the 4th quarter worth $72,000. Hedge funds and other institutional investors own 1.06% of the company’s stock.

About Boqii

Boqii Holding Limited operates a pet-focused platform in the People's Republic of China. The company offers food, treats, shampoos, toys, cages, apparel, OTC veterinary drugs, and other pet products to pet parents, and small and medium pet businesses through e-commerce platforms and offline distribution network.