Senmiao Technology (NASDAQ:AIHS) Stock Price Down 3.9% – Should You Sell?

Shares of Senmiao Technology Limited (NASDAQ:AIHS) were down 3.9% during mid-day trading on Monday . The stock traded as low as $1.05 and last traded at $1.0762. Approximately 10,843 shares were traded during trading, a decline of 70% from the average daily volume of 36,424 shares. The stock had previously closed at $1.1203.

Wall Street Analyst Weigh In

AIHS has been the subject of several recent analyst reports. Wall Street Zen raised shares of Senmiao Technology to a “hold” rating in a report on Saturday, October 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Senmiao Technology in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Senmiao Technology Stock Down 3.9%

The company has a market capitalization of $3.45 million, a price-to-earnings ratio of -1.00 and a beta of 0.91. The stock has a 50 day simple moving average of $1.43 and a 200 day simple moving average of $2.52.

Senmiao Technology (NASDAQ:AIHS) last announced its quarterly earnings results on Wednesday, November 19th. The company reported ($0.43) earnings per share (EPS) for the quarter. The company had revenue of $0.94 million during the quarter. Senmiao Technology had a negative return on equity of 454.33% and a negative net margin of 88.60%.

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.