Zhihu (NYSE:ZH) Stock Price Up 7.1% - Here's Why

Zhihu Inc. (NYSE:ZH - Get Free Report)'s share price was up 7.1% on Friday . The stock traded as high as $6.19 and last traded at $6.20. Approximately 495,147 shares traded hands during trading, a decline of 32% from the average daily volume of 729,490 shares. The stock had previously closed at $5.79.

Analyst Ratings Changes

Separately, Citigroup reduced their price objective on Zhihu from $5.40 to $4.70 and set a "buy" rating on the stock in a research report on Friday, November 29th.

Zhihu Trading Up 2.4 %

The company has a market capitalization of $474.57 million, a price-to-earnings ratio of -9.71 and a beta of 0.20. The company's 50 day simple moving average is $3.81 and its 200-day simple moving average is $3.64.

Zhihu (NYSE:ZH - Get Free Report) last announced its earnings results on Tuesday, November 26th. The company reported ($0.02) earnings per share (EPS) for the quarter. Zhihu had a negative return on equity of 8.01% and a negative net margin of 9.28%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Zhihu during the 3rd quarter worth $27,000. Wolverine Trading LLC acquired a new position in shares of Zhihu during the fourth quarter worth about $38,000. Advisors Preferred LLC acquired a new position in shares of Zhihu during the fourth quarter worth about $39,000. Russell Investments Group Ltd. purchased a new stake in shares of Zhihu in the fourth quarter worth about $67,000. Finally, New York State Common Retirement Fund grew its stake in shares of Zhihu by 93.8% in the fourth quarter. New York State Common Retirement Fund now owns 31,666 shares of the company's stock valued at $112,000 after buying an additional 15,325 shares in the last quarter. 28.92% of the stock is owned by hedge funds and other institutional investors.

About Zhihu

Zhihu Inc operates an online content community in the People's Republic of China. Its community allows people to seek inspiration, find solutions, make decisions, and have fun. The company offers technology, business support, and consulting services; information transmission, software, and information technology services.