Boqii (NYSE:BQ) Stock Price Down 4.2% – Here’s What Happened

Boqii Holding Limited (NYSE:BQ) shares dropped 4.2% during mid-day trading on Wednesday . The company traded as low as $2.44 and last traded at $2.48. Approximately 5,617 shares changed hands during trading, a decline of 92% from the average daily volume of 68,789 shares. The stock had previously closed at $2.59.

Boqii Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 3.12 and a quick ratio of 2.60. The company’s fifty day moving average is $3.06 and its 200 day moving average is $3.76.

Institutional Trading of Boqii

A number of institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its holdings in shares of Boqii by 8.4% during the 4th quarter. Renaissance Technologies LLC now owns 74,864 shares of the company’s stock valued at $27,000 after buying an additional 5,800 shares during the period. Citadel Advisors LLC acquired a new stake in Boqii in the fourth quarter valued at approximately $61,000. Finally, Oasis Management Co Ltd. purchased a new stake in shares of Boqii during the fourth quarter valued at approximately $72,000. 1.06% of the stock is owned by hedge funds and other 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.