CNinsure Inc. (CISG) Sees Unusually-High Trading Volume
CNinsure Inc. (NASDAQ:CISG) shares saw unusually-strong trading volume on Thursday . Approximately 216,276 shares changed hands during trading, an increase of 115% from the previous session’s volume of 100,546 shares.The stock last traded at $8.61 and had previously closed at $8.43.
The firm has a market cap of $494.94 million and a P/E ratio of 17.82. The stock has a 50-day moving average of $7.56 and a 200-day moving average of $7.44.
CNinsure (NASDAQ:CISG) last announced its earnings results on Tuesday, May 24th. The company reported $0.05 earnings per share for the quarter. On average, equities 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. boosted its position 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. 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 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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