New Frontier Health (NYSE:NFH) Stock Price Up 6.6%

New Frontier Health (NYSE:NFH)’s share price rose 6.6% during mid-day trading on Thursday . The stock traded as high as $8.15 and last traded at $8.13. Approximately 114,540 shares changed hands during trading, an increase of 21% from the average daily volume of 94,987 shares. The stock had previously closed at $7.63.

The stock has a fifty day simple moving average of $7.98. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 0.45.

Institutional investors have recently made changes to their positions in the stock. TimesSquare Capital Management LLC grew its holdings in New Frontier Health by 363.0% during the second quarter. TimesSquare Capital Management LLC now owns 46,300 shares of the company’s stock worth $383,000 after buying an additional 36,300 shares in the last quarter. Oasis Management Co Ltd. purchased a new position in New Frontier Health in the first quarter worth $495,000. Yiheng Capital Management L.P. boosted its position in New Frontier Health by 79.5% in the second quarter. Yiheng Capital Management L.P. now owns 485,805 shares of the company’s stock worth $4,022,000 after purchasing an additional 215,127 shares during the last quarter. FMR LLC boosted its position in New Frontier Health by 4.3% in the second quarter. FMR LLC now owns 666,500 shares of the company’s stock worth $5,519,000 after purchasing an additional 27,600 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in New Frontier Health by 11.3% in the first quarter. Alliancebernstein L.P. now owns 1,011,785 shares of the company’s stock worth $8,347,000 after purchasing an additional 102,800 shares during the last quarter.

About New Frontier Health (NYSE:NFH)

New Frontier Health Corporation operates as an investment group that invests in, builds, and operates diversified businesses in China. It holds interest in various industries, including healthcare, internet, artificial intelligence, big data, education, and financial services. The company was formerly known as New Frontier Corporation and changed its name to New Frontier Health Corporation in December 2019.

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