Senmiao Technology (NASDAQ:AIHS) Shares Down 5.6% – Time to Sell?

Senmiao Technology Limited (NASDAQ:AIHS)’s share price dropped 5.6% on Thursday . The company traded as low as $1.30 and last traded at $1.36. Approximately 32,751 shares changed hands during trading, a decline of 30% from the average daily volume of 46,761 shares. The stock had previously closed at $1.44.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Senmiao Technology in a report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Senmiao Technology Stock Performance

The stock has a fifty day simple moving average of $1.23 and a two-hundred day simple moving average of $1.25. The stock has a market capitalization of $4.37 million, a price-to-earnings ratio of -1.58 and a beta of 0.95.

About Senmiao Technology

Senmiao Technology Ltd, incorporated in the Cayman Islands and traded on NASDAQ under the ticker AIHS, is a developer and operator of internet-based financial technology platforms in China. The company delivers a suite of integrated financial services and e-commerce solutions designed to meet the needs of small and micro enterprises as well as individual borrowers across the Chinese market.

At the core of Senmiao’s business are its micro-finance lending operations, which provide short-term, collateral-backed loans to underserved customers.