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

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

Boqii Price Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.60 and a current ratio of 3.12. The firm has a 50 day moving average price of $3.06 and a two-hundred day moving average price of $3.76.

Institutional Investors Weigh In On Boqii

Several hedge funds and other institutional investors have recently bought and sold shares of BQ. Renaissance Technologies LLC grew its position in shares of Boqii by 8.4% during the fourth quarter. Renaissance Technologies LLC now owns 74,864 shares of the company’s stock worth $27,000 after buying an additional 5,800 shares in the last quarter. Citadel Advisors LLC bought a new position in Boqii during the 4th quarter valued at $61,000. Finally, Oasis Management Co Ltd. acquired a new position in Boqii during the 4th quarter worth $72,000. 1.06% of the stock is currently owned by hedge funds and other institutional investors.

About Boqii

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.