Boqii (NYSE:BQ) Stock Price Up 2.7% – Still a Buy?

Boqii Holding Limited (NYSE:BQ) shares rose 2.7% during mid-day trading on Monday . The company traded as high as $4.13 and last traded at $3.81. Approximately 77,190 shares changed hands during mid-day trading, an increase of 32% from the average daily volume of 58,390 shares. The stock had previously closed at $3.71.

Boqii Price Performance

The stock’s 50-day moving average is $3.46 and its 200-day moving average is $3.80. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.12 and a quick ratio of 2.60.

Institutional Investors Weigh In On Boqii

An institutional investor recently bought a new position in Boqii stock. Renaissance Technologies LLC acquired a new stake in shares of Boqii Holding Limited (NYSE:BQ) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 55,864 shares of the company’s stock, valued at approximately $29,000. Renaissance Technologies LLC owned approximately 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.