CNinsure Inc. (CISG) Sees Large Volume Increase
Shares of CNinsure Inc. (NASDAQ:CISG) saw an uptick in trading volume on Thursday . 264,194 shares traded hands during mid-day trading, an increase of 43% from the previous session’s volume of 185,295 shares.The stock last traded at $8.68 and had previously closed at $8.40.
The firm has a market cap of $497.25 million and a price-to-earnings ratio of 17.86. The firm’s 50-day moving average is $7.80 and its 200 day moving average is $7.49.
CNinsure (NASDAQ:CISG) last posted its quarterly earnings results on Tuesday, May 24th. The company reported $0.05 earnings per share for the quarter. Equities 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. California Public Employees Retirement System boosted its position in shares of CNinsure Inc. (NASDAQ:CISG) by 5.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 about 1.00% of CNinsure worth $5,354,000 as of its most recent SEC filing.
CNinsure Inc (CNinsure) is an independent online-to-offline financial services provider in China. The Company distributes a range of property, casualty and life insurance products underwritten by domestic and foreign insurance companies operating in China to individual and institutional customers, and provides insurance claims adjusting services.
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