Boqii (NYSE:BQ) Trading 2.3% Higher – Should You Buy?

Boqii Holding Limited (NYSE:BQ) shares shot up 2.3% during trading on Monday . The company traded as high as $0.33 and last traded at $0.30. 129,341 shares changed hands during trading, a decline of 82% from the average session volume of 733,796 shares. The stock had previously closed at $0.29.

Boqii Price Performance

The firm’s 50-day simple moving average is $0.43 and its 200 day simple moving average is $0.41. The company has a current ratio of 3.86, a quick ratio of 3.10 and a debt-to-equity ratio of 0.17.

Hedge Funds Weigh In On Boqii

A hedge fund recently bought a new stake in Boqii stock. Renaissance Technologies LLC acquired a new position in shares of Boqii Holding Limited (NYSE:BQ) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 55,864 shares of the company’s stock, valued at approximately $29,000. Renaissance Technologies LLC owned 1.18% of Boqii at the end of the most recent quarter. 1.06% of the stock is owned by institutional investors and hedge funds.

Boqii Company Profile

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.