CNinsure Inc. (CISG) Sees Large Volume Increase
Shares of CNinsure Inc. (NASDAQ:CISG) saw strong trading volume on Tuesday . 84,835 shares traded hands during mid-day trading, a decline of 3% from the previous session’s volume of 87,911 shares.The stock last traded at $7.79 and had previously closed at $7.45.
The company has a 50 day moving average price of $7.03 and a 200-day moving average price of $7.48. The stock has a market cap of $450.47 million and a P/E ratio of 16.28.
CNinsure (NASDAQ:CISG) last released its quarterly earnings data on Tuesday, May 24th. The company reported $0.05 earnings per share for the quarter. On average, analysts forecast that CNinsure Inc. will post $0.39 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in CNinsure stock. California Public Employees Retirement System increased its stake in shares of CNinsure Inc. (NASDAQ:CISG) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 576,904 shares of the company’s stock after buying an additional 27,500 shares during the period. California Public Employees Retirement System owned approximately 1.00% of CNinsure worth $5,354,000 as of its most recent filing with the SEC.
CNinsure Inc (CNinsure) is an independent online-to-offline financial services provider in China. The Company through its online platforms and offline sales and service network distributes property, casualty and life insurance products underwritten by domestic and foreign insurance companies operating in China and provides insurance claims adjusting services.
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