CNinsure Inc. (CISG) Sees Strong Trading Volume
Shares of CNinsure Inc. (NASDAQ:CISG) saw unusually-high trading volume on Friday . Approximately 94,003 shares were traded during mid-day trading, an increase of 17% from the previous session’s volume of 80,310 shares.The stock last traded at $7.99 and had previously closed at $8.05.
The stock has a 50-day moving average of $7.12 and a 200 day moving average of $7.44. The stock has a market cap of $461.45 million and a PE ratio of 16.68.
CNinsure (NASDAQ:CISG) last announced its quarterly earnings data on Tuesday, May 24th. The company reported $0.05 earnings per share (EPS) for the quarter. On average, equities analysts forecast that CNinsure Inc. will post $0.39 EPS 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 disclosure 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 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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