CNinsure Inc. (CISG) Sees Large Volume Increase
CNinsure Inc. (NASDAQ:CISG) shares saw unusually-strong trading volume on Thursday . Approximately 264,194 shares traded hands during 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 company has a 50 day moving average price of $7.84 and a 200 day moving average price of $7.50. The company has a market cap of $495.52 million and a price-to-earnings ratio of 17.91.
CNinsure (NASDAQ:CISG) last released its quarterly earnings data on Tuesday, May 24th. The company reported $0.05 earnings per share (EPS) for the quarter. Equities research analysts predict that CNinsure Inc. will post $0.39 EPS for the current year.
An institutional investor recently raised its position in CNinsure stock. California Public Employees Retirement System increased its position in CNinsure Inc. (NASDAQ:CISG) by 5.0% during the fourth quarter, according to its most recent disclosure 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 approximately 1.00% of CNinsure worth $5,354,000 at the end of the most recent quarter.
CNinsure Inc (CNinsure) is an independent online-to-offline financial services provider in China. The Company 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.