Huize (NASDAQ:HUIZ) Lowered to Neutral Rating by Citigroup

Citigroup downgraded shares of Huize (NASDAQ:HUIZ) from a buy rating to a neutral rating in a research report report published on Monday morning, MarketBeat.com reports. The brokerage currently has $2.30 target price on the stock, down from their prior target price of $7.20.

Huize Stock Up 2.5%

HUIZ opened at $2.08 on Monday. Huize has a 52 week low of $1.50 and a 52 week high of $10.58. The business’s 50 day moving average is $2.02 and its two-hundred day moving average is $3.79. The firm has a market cap of $20.99 million, a price-to-earnings ratio of 23.11 and a beta of 0.44.

Huize (NASDAQ:HUIZ) last announced its earnings results on Friday, June 6th. The company reported ($0.12) earnings per share (EPS) for the quarter. The business had revenue of $39.11 million for the quarter. Huize had a return on equity of 5.07% and a net margin of 1.75%.

Huize Company Profile

Huize Holding Limited, together with its subsidiaries, offers online insurance product and service platform through various internet channels in the People's Republic of China. The company provides life and health insurance products, such as critical illness, illness and disease, annuity, and term and whole life insurance products; and property and casualty insurance products, including travel, individual casualty, and corporate liability insurance products.