CNinsure Inc. (CISG) Sees Large Volume Increase
CNinsure Inc. (NASDAQ:CISG) saw unusually-high trading volume on Wednesday . Approximately 139,387 shares traded hands during trading, an increase of 26% from the previous session’s volume of 110,915 shares.The stock last traded at $7.28 and had previously closed at $7.24.
The company has a market cap of $416.98 million and a P/E ratio of 15.01. The company has a 50 day moving average of $6.99 and a 200 day moving average of $7.54.
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 research analysts predict 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. raised its position in shares of CNinsure Inc. (NASDAQ:CISG) by 4.5% during the fourth quarter, according to its most recent 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.