CNinsure Inc. (CISG) Sees Unusually-High Trading Volume
Shares of CNinsure Inc. (NASDAQ:CISG) saw an uptick in trading volume on Friday . 94,003 shares changed hands 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 company has a 50 day moving average price of $7.16 and a 200-day moving average price of $7.43. The company has a market cap of $461.45 million and a P/E ratio of 16.68.
CNinsure (NASDAQ:CISG) last announced its 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 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 disclosure with the Securities and Exchange Commission. The firm 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 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.