Ruhnn (NASDAQ:RUHN) Sees Unusually-High Trading Volume

Shares of Ruhnn Holding Ltd – (NASDAQ:RUHN) saw strong trading volume on Friday . 1,808,385 shares changed hands during mid-day trading, an increase of 254% from the previous session’s volume of 510,558 shares.The stock last traded at $4.94 and had previously closed at $4.49.

The business has a fifty day simple moving average of $5.96. The company has a quick ratio of 3.45, a current ratio of 4.24 and a debt-to-equity ratio of 0.01.

Ruhnn (NASDAQ:RUHN) last posted its quarterly earnings data on Thursday, August 29th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $45.56 million during the quarter.

Institutional investors and hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC bought a new position in Ruhnn in the second quarter worth $69,000. Pictet Asset Management Ltd. bought a new position in Ruhnn in the second quarter worth $1,273,000. Finally, Myriad Asset Management Ltd. bought a new position in Ruhnn in the second quarter worth $1,955,000. Institutional investors and hedge funds own 1.97% of the company’s stock.

Ruhnn Company Profile (NASDAQ:RUHN)

Ruhnn Holding Limited, together with its subsidiaries, operates key opinion leader (KOL) cultivation and incubation platforms in the People's Republic of China. The company engages in the sale of various fashion and lifestyle products to consumers through its KOL online stores; and provision of various KOL sales and advertising services to third-party merchants.

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