CNinsure Inc. (CISG) Sees Strong Trading Volume
CNinsure Inc. (NASDAQ:CISG) shares saw unusually-strong trading volume on Tuesday . Approximately 84,835 shares were traded 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 stock has a market cap of $434.88 million and a PE ratio of 15.72. The stock has a 50-day moving average price of $7.04 and a 200 day moving average price of $7.49.
CNinsure (NASDAQ:CISG) last posted its quarterly earnings data on Tuesday, May 24th. The company reported $0.05 earnings per share for the quarter. Analysts forecast that CNinsure Inc. will post $0.39 earnings per share for the current fiscal year.
An institutional investor recently raised its position in CNinsure stock. Levin Capital Strategies L.P. increased its stake in CNinsure Inc. (NASDAQ:CISG) by 4.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 114,050 shares of the company’s stock after buying an additional 4,900 shares during the period. Levin Capital Strategies L.P. owned approximately 0.20% of CNinsure worth $1,058,000 as of its most recent SEC filing.
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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