Shares of Hywin Holdings Ltd. (NASDAQ:HYW – Get Free Report) dropped 4.6% on Thursday . The stock traded as low as $0.79 and last traded at $0.81. Approximately 4,721 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 20,550 shares. The stock had previously closed at $0.85.
Hywin Stock Down 4.6 %
The company’s 50 day moving average price is $1.26 and its 200 day moving average price is $3.24.
About Hywin
Hywin Holdings Ltd., through its subsidiaries, provides wealth management, asset management, health management, insurance brokerage, and other financial services in China. It operates through two segments: Wealth and Health. The company distributes asset-backed products, such as real estate securitization products, as well as equity investments in real estate projects or private project companies; venture capital, private equity, and hedge funds; and supply chain financing and cash management products.
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