Waterdrop (NYSE:WDH) Trading Up 8.3% – Here’s What Happened

Waterdrop Inc. (NYSE:WDH) shares traded up 8.3% during trading on Wednesday . The stock traded as high as $1.37 and last traded at $1.38. 135,485 shares traded hands during trading, an increase of 21% from the average session volume of 112,160 shares. The stock had previously closed at $1.27.

Waterdrop Price Performance

The business’s 50-day moving average is $1.18 and its two-hundred day moving average is $1.14. The firm has a market cap of $493.79 million, a P/E ratio of 11.08 and a beta of -0.25.

Waterdrop (NYSE:WDH) last announced its quarterly earnings data on Wednesday, December 11th. The company reported $0.05 earnings per share (EPS) for the quarter. Waterdrop had a return on equity of 7.02% and a net margin of 11.69%.

Hedge Funds Weigh In On Waterdrop

A number of institutional investors have recently bought and sold shares of the business. IDG China Capital Fund III Associates L.P. acquired a new stake in Waterdrop during the fourth quarter worth approximately $6,760,000. Catalina Capital Group LLC bought a new position in shares of Waterdrop during the fourth quarter worth approximately $27,000. Finally, Baader Bank Aktiengesellschaft increased its stake in Waterdrop by 1,198.2% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 1,291,585 shares of the company’s stock worth $1,524,000 after acquiring an additional 1,192,092 shares during the period. Institutional investors and hedge funds own 1.96% of the company’s stock.

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.