AIFU (NASDAQ:AIFU) Shares Down 5.3% – Here’s Why

AIFU Inc. – Sponsored ADR (NASDAQ:AIFU)’s share price traded down 5.3% during mid-day trading on Tuesday . The stock traded as low as $2.11 and last traded at $2.16. 5,776 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 16,062 shares. The stock had previously closed at $2.28.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of AIFU from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

AIFU Stock Performance

The business’s fifty day simple moving average is $1.58 and its 200-day simple moving average is $2.28. The firm has a market capitalization of $6.47 million, a PE ratio of 0.15 and a beta of 0.78.

AIFU (NASDAQ:AIFU) last announced its quarterly earnings data on Tuesday, April 28th. The company reported ($203.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.86 by ($214.88).

Institutional Investors Weigh In On AIFU

A hedge fund recently bought a new stake in AIFU stock. Acadian Asset Management LLC acquired a new stake in shares of AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 868,208 shares of the company’s stock, valued at approximately $182,000. Acadian Asset Management LLC owned approximately 1.50% of AIFU at the end of the most recent reporting period. 26.72% of the stock is owned by institutional investors and hedge funds.

About AIFU

AIX, Inc engages in the provision of agency services and insurance claims adjusting services. It operates through the Insurance Agency and Claims Adjusting segments. The Insurance Agency segment includes providing agency services for insurance products and life insurance products. The Claims Adjusting segment provides pre-underwriting survey services, claims adjusting services, disposal of residual value services, loading and unloading supervision services, and consulting services. The company was founded by Yin An Hu and Qiu Ping Lai in 1998 and is headquartered in Guangzhou, China.