Boqii (NYSE:BQ) Trading 2.9% Higher – Here’s What Happened

Boqii Holding Limited (NYSE:BQ)’s share price shot up 2.9% during mid-day trading on Friday . The stock traded as high as $2.52 and last traded at $2.52. 37,467 shares traded hands during trading, a decline of 30% from the average session volume of 53,463 shares. The stock had previously closed at $2.45.

Boqii Stock Performance

The company has a current ratio of 3.12, a quick ratio of 2.60 and a debt-to-equity ratio of 0.18. The firm’s fifty day moving average is $164.77 and its 200-day moving average is $315.27.

Institutional Investors Weigh In On Boqii

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Oasis Management Co Ltd. bought a new stake in Boqii during the 4th quarter worth approximately $72,000. Citadel Advisors LLC bought a new stake in Boqii during the 4th quarter worth approximately $61,000. Finally, Renaissance Technologies LLC grew its holdings in Boqii by 8.4% during the 4th quarter. Renaissance Technologies LLC now owns 74,864 shares of the company’s stock worth $27,000 after acquiring an additional 5,800 shares during the last quarter. 1.06% of the stock is owned by institutional investors.

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.