CNinsure Inc. (CISG) Shares Down 3.4%
Shares of CNinsure Inc. (NASDAQ:CISG) traded down 3.4% during trading on Thursday . The stock traded as low as $7.40 and last traded at $7.43, with a volume of 51,477 shares trading hands. The stock had previously closed at $7.69.
The company’s 50 day moving average is $7.04 and its 200 day moving average is $7.49. The stock has a market cap of $433.15 million and a P/E ratio of 15.66.
CNinsure (NASDAQ:CISG) last announced its quarterly earnings results on Tuesday, May 24th. The company reported $0.05 earnings per share (EPS) for the quarter. On average, analysts predict that CNinsure Inc. will post $0.39 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in CNinsure stock. California Public Employees Retirement System increased its position in shares of CNinsure Inc. (NASDAQ:CISG) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.
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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