CNinsure Inc. (CISG) Sees Unusually-High Trading Volume
CNinsure Inc. (NASDAQ:CISG) saw unusually-high trading volume on Thursday . Approximately 216,276 shares changed hands during mid-day 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 company has a 50 day moving average price of $7.62 and a 200-day moving average price of $7.45. The company has a market cap of $513.42 million and a PE ratio of 18.44.
CNinsure (NASDAQ:CISG) last announced its earnings results on Tuesday, May 24th. The company reported $0.05 EPS for the quarter. Equities analysts anticipate that CNinsure Inc. will post $0.39 EPS for the current year.
An institutional investor recently raised its position in CNinsure stock. Levin Capital Strategies L.P. raised 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 (SEC). The institutional investor 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 at the end of the most recent quarter.
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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