Zhibao Technology (NASDAQ:ZBAO) Posts Quarterly Earnings Results

Zhibao Technology (NASDAQ:ZBAO) released its quarterly earnings results on Friday. The company reported $0.18 EPS for the quarter, FiscalAI reports. The company had revenue of $8.82 million during the quarter.

Zhibao Technology Price Performance

ZBAO traded up $0.07 during trading on Friday, hitting $0.28. The stock had a trading volume of 221,260,230 shares, compared to its average volume of 1,411,922. The stock has a 50 day simple moving average of $3.12 and a two-hundred day simple moving average of $24.15. Zhibao Technology has a twelve month low of $0.19 and a twelve month high of $67.00.

Wall Street Analysts Forecast Growth

ZBAO has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zhibao Technology in a research report on Friday, October 2nd. Wall Street Zen upgraded shares of Zhibao Technology to a “sell” rating in a report on Saturday, October 17th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has an average rating of “Sell”.

About Zhibao Technology

Zhibao Technology Inc. (NASDAQ: ZBAO) is a China-based insurance technology company that provides digital insurance brokerage and related services. The company focuses primarily on commercial property and casualty insurance, helping businesses identify coverage needs and connect with suitable insurance products. Through its digital platforms and brokerage operations, Zhibao Technology supports the distribution and administration of insurance policies. Its services are designed to connect commercial customers, insurance intermediaries and insurance carriers, with an emphasis on using technology to improve insurance product selection, transaction processing and ongoing policy services.