Boqii (NYSE:BQ) Shares Set to Reverse Split on Friday, July 11th

Shares of Boqii Holding Limited (NYSE:BQ) are scheduled to reverse split on Friday, July 11th. The 1-160 reverse split was announced on Tuesday, July 1st. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, July 10th.

Boqii Stock Up 6.2%

NYSE:BQ opened at $2.23 on Thursday. The company has a current ratio of 3.12, a quick ratio of 2.60 and a debt-to-equity ratio of 0.18. Boqii has a one year low of $1.62 and a one year high of $7.40. The company has a fifty day moving average price of $2.16 and a 200 day moving average price of $2.59.

Institutional Investors Weigh In On Boqii

A number of institutional investors have recently added to or reduced their stakes in the company. Oasis Management Co Ltd. bought a new stake in shares of Boqii in the 4th quarter worth approximately $72,000. Citadel Advisors LLC acquired a new position in shares of Boqii in the fourth quarter valued at $61,000. Finally, Renaissance Technologies LLC lifted its position in Boqii by 8.4% in the fourth quarter. Renaissance Technologies LLC now owns 74,864 shares of the company’s stock worth $27,000 after purchasing an additional 5,800 shares during the period. 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.