Boqii (NYSE:BQ) Trading 0.3% Higher – What’s Next?

Boqii Holding Limited (NYSE:BQ) rose 0.3% during trading on Wednesday . The stock traded as high as $1.88 and last traded at $1.81. Approximately 27,604 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 68,684 shares. The stock had previously closed at $1.80.

Boqii Trading Up 0.3 %

The firm’s 50 day simple moving average is $2.69 and its 200 day simple moving average is $3.60. The company has a quick ratio of 2.60, a current ratio of 3.12 and a debt-to-equity ratio of 0.18.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BQ. Renaissance Technologies LLC raised its stake in shares of Boqii by 8.4% during the fourth quarter. Renaissance Technologies LLC now owns 74,864 shares of the company’s stock valued at $27,000 after purchasing an additional 5,800 shares in the last quarter. Citadel Advisors LLC bought a new position in Boqii in the 4th quarter valued at about $61,000. Finally, Oasis Management Co Ltd. acquired a new position in Boqii during the 4th quarter valued at about $72,000. Institutional investors and hedge funds own 1.06% of the company’s stock.

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.