Senmiao Technology (NASDAQ:AIHS) Stock Price Down 3.9% – Time to Sell?

Shares of Senmiao Technology Limited (NASDAQ:AIHS) were down 3.9% on Monday . The stock traded as low as $1.05 and last traded at $1.0762. Approximately 10,843 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 36,424 shares. The stock had previously closed at $1.1203.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wall Street Zen upgraded shares of Senmiao Technology to a “hold” rating in a research report on Saturday, October 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Senmiao Technology in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Senmiao Technology Trading Down 3.9%

The company has a market cap of $3.45 million, a price-to-earnings ratio of -1.00 and a beta of 0.91. The business has a 50-day moving average price of $1.43 and a 200 day moving average price of $2.52.

Senmiao Technology (NASDAQ:AIHS) last announced its earnings results on Wednesday, November 19th. The company reported ($0.43) earnings per share (EPS) for the quarter. Senmiao Technology had a negative return on equity of 454.33% and a negative net margin of 88.60%.The company had revenue of $0.94 million for the quarter.

Senmiao Technology Company Profile

Senmiao Technology Ltd, incorporated in the Cayman Islands and traded on NASDAQ under the ticker AIHS, is a developer and operator of internet-based financial technology platforms in China. The company delivers a suite of integrated financial services and e-commerce solutions designed to meet the needs of small and micro enterprises as well as individual borrowers across the Chinese market.

At the core of Senmiao’s business are its micro-finance lending operations, which provide short-term, collateral-backed loans to underserved customers.