Wall Street Zen Upgrades AIFU (NASDAQ:AIFU) to Sell

AIFU (NASDAQ:AIFU) was upgraded by equities research analysts at Wall Street Zen to a “sell” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings upgraded AIFU from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

AIFU Stock Performance

Shares of AIFU opened at $21.35 on Friday. AIFU has a 52 week low of $11.30 and a 52 week high of $139.60. The stock has a market capitalization of $131.94 million, a price-to-earnings ratio of 0.09 and a beta of 1.01. The stock has a fifty day moving average of $34.31 and a 200-day moving average of $35.72.

Institutional Investors Weigh In On AIFU

A hedge fund recently bought a new stake in AIFU stock. Acadian Asset Management LLC bought a new position in shares of AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 868,208 shares of the company’s stock, valued at approximately $182,000. Acadian Asset Management LLC owned about 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.