Senmiao Technology (NASDAQ:AIHS) Shares Down 0.7% – What’s Next?

Senmiao Technology Limited (NASDAQ:AIHS)’s share price traded down 0.7% during trading on Monday . The stock traded as low as $1.4115 and last traded at $1.43. 41,701 shares traded hands during trading, an increase of 251% from the average session volume of 11,874 shares. The stock had previously closed at $1.44.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Senmiao Technology in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Senmiao Technology Trading Down 0.7%

The firm has a market capitalization of $4.59 million, a P/E ratio of -1.66 and a beta of 1.01. The business has a 50 day moving average of $1.20 and a 200-day moving average of $1.58.

Senmiao Technology (NASDAQ:AIHS) last announced its quarterly earnings results on Friday, February 13th. The company reported ($0.28) earnings per share for the quarter. The company had revenue of $0.36 million during the quarter. Senmiao Technology had a negative net margin of 104.56% and a negative return on equity of 368.21%.

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.