Senmiao Technology (NASDAQ:AIHS) Announces Quarterly Earnings Results

Senmiao Technology (NASDAQ:AIHS) issued its quarterly earnings data on Friday. The company reported $0.28 EPS for the quarter, Zacks reports.

Senmiao Technology Stock Performance

Senmiao Technology stock traded down $0.03 during mid-day trading on Friday, hitting $1.64. 66,301 shares of the company traded hands, compared to its average volume of 330,010. Senmiao Technology has a one year low of $0.83 and a one year high of $8.26. The stock has a market cap of $23.87 million, a price-to-earnings ratio of -1.91 and a beta of 0.90. The stock has a fifty day moving average price of $1.41 and a 200-day moving average price of $1.32.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Senmiao Technology in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Senmiao Technology Company Profile

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.