Senmiao Technology (NASDAQ:AIHS) Trading Down 4% – Time to Sell?

Senmiao Technology Limited (NASDAQ:AIHS) traded down 4% on Monday . The stock traded as low as $0.83 and last traded at $0.83. 4,061 shares were traded during mid-day trading, a decline of 89% from the average session volume of 35,960 shares. The stock had previously closed at $0.87.

Senmiao Technology Stock Down 4.0 %

The firm has a market cap of $8.73 million, a PE ratio of -2.59 and a beta of 0.64. The stock has a 50 day moving average price of $0.89 and a two-hundred day moving average price of $0.91.

Senmiao Technology (NASDAQ:AIHS) last released its earnings results on Friday, February 14th. The company reported ($0.05) earnings per share for the quarter. Senmiao Technology had a negative return on equity of 100.65% and a negative net margin of 81.98%. The company had revenue of $920 billion for the quarter.

Hedge Funds Weigh In On Senmiao Technology

A hedge fund recently raised its stake in Senmiao Technology stock. Virtu Financial LLC grew its position in Senmiao Technology Limited (NASDAQ:AIHS) by 143.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,047 shares of the company’s stock after purchasing an additional 15,365 shares during the period. Virtu Financial LLC owned approximately 0.25% of Senmiao Technology worth $31,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.42% of the company’s stock.

About Senmiao Technology

Senmiao Technology Limited engages in the automobile transaction and related services business in the People's Republic of China. It operates through two segments, Automobile Transaction and Related Services, and Online Ride-Hailing Platform Services. The company offers car rental services to individual customers; and auto finance solutions through financing leases.