Boqii (NYSE:BQ) Trading 9.4% Higher – Should You Buy?

Boqii Holding Limited (NYSE:BQ) shares rose 9.4% during trading on Wednesday . The company traded as high as $0.49 and last traded at $0.47. Approximately 592,685 shares changed hands during trading, a decline of 26% from the average daily volume of 804,872 shares. The stock had previously closed at $0.43.

Boqii Stock Up 9.4 %

The company has a 50-day moving average price of $0.42 and a two-hundred day moving average price of $0.40. The company has a quick ratio of 3.10, a current ratio of 3.86 and a debt-to-equity ratio of 0.17.

Institutional Investors Weigh In On Boqii

A hedge fund recently bought a new stake in Boqii stock. Renaissance Technologies LLC acquired a new stake in Boqii Holding Limited (NYSE:BQ) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 55,864 shares of the company’s stock, valued at approximately $29,000. Renaissance Technologies LLC owned about 1.18% of Boqii as of its most recent SEC filing. 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.