AIFU (NASDAQ:AIFU) Stock Price Down 4% – Here’s Why

AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) shares fell 4% during trading on Tuesday . The company traded as low as $4.30 and last traded at $4.30. 1,422 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 213,775 shares. The stock had previously closed at $4.48.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AIFU shares. Weiss Ratings restated a “hold (c)” rating on shares of AIFU in a research report on Wednesday, October 8th. Wall Street Zen raised shares of AIFU from a “sell” rating to a “hold” rating in a report on Sunday, September 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

AIFU Stock Down 4.0%

The firm has a market cap of $12.45 million, a price-to-earnings ratio of 0.29 and a beta of 0.49. The company’s 50-day moving average price is $5.28 and its 200-day moving average price is $14.03.

Hedge Funds Weigh In On AIFU

An institutional investor recently bought a new position in AIFU stock. Acadian Asset Management LLC bought a new stake in AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 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 currently owned by institutional investors and hedge funds.

AIFU Company Profile

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.