AIFU (NASDAQ:AIFU) Shares Gap Down – Here’s Why

AIFU Inc. – Sponsored ADR (NASDAQ:AIFU)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $53.80, but opened at $50.65. AIFU shares last traded at $50.1250, with a volume of 910 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded AIFU from a “sell (d)” rating to a “sell (e+)” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

AIFU Stock Performance

The stock has a market cap of $304.74 million, a PE ratio of 3.38 and a beta of 1.01. The stock’s 50-day moving average is $37.74 and its two-hundred day moving average is $41.76.

AIFU (NASDAQ:AIFU) last posted its earnings results on Tuesday, April 28th. The company reported ($4,060.30) earnings per share for the quarter, missing the consensus estimate of $237.20 by ($4,297.50). The company had revenue of $19.02 million for the quarter, compared to analysts’ expectations of $453.00 million.

Institutional Investors Weigh In On AIFU

A hedge fund recently bought a new position in AIFU stock. Acadian Asset Management LLC bought a new stake in shares of AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 868,208 shares of the company’s stock, valued at approximately $182,000. Acadian Asset Management LLC owned 1.50% of AIFU at the end of the most recent reporting period. Institutional investors and hedge funds own 26.72% of the company’s stock.

AIFU Company Profile

AIX, Inc engages in the provision of agency services and insurance claims adjusting services. It operates through the Insurance Agency and Claims Adjusting segments. The Insurance Agency segment includes providing agency services for insurance products and life insurance products. The Claims Adjusting segment provides pre-underwriting survey services, claims adjusting services, disposal of residual value services, loading and unloading supervision services, and consulting services. The company was founded by Yin An Hu and Qiu Ping Lai in 1998 and is headquartered in Guangzhou, China.