CNinsure Inc. (CISG) Stock Price Up 7.7%
CNinsure Inc. (NASDAQ:CISG)’s share price rose 7.7% on Thursday . The stock traded as high as $8.10 and last traded at $8.02, with a volume of 282,793 shares changing hands. The stock had previously closed at $7.45.
The firm has a market capitalization of $461.45 million and a P/E ratio of 16.68. The firm’s 50-day moving average is $7.16 and its 200-day moving average is $7.43.
CNinsure (NASDAQ:CISG) last posted its quarterly earnings results on Tuesday, May 24th. The company reported $0.05 earnings per share (EPS) for the quarter. Equities research analysts expect that CNinsure Inc. will post $0.39 earnings per share for the current year.
A hedge fund recently raised its stake in CNinsure stock. Levin Capital Strategies L.P. raised its stake in CNinsure Inc. (NASDAQ:CISG) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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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