Senmiao Technology (NASDAQ:AIHS) Releases Earnings Results

Senmiao Technology (NASDAQ:AIHS) announced its quarterly earnings data on Tuesday. The company reported $999.00 earnings per share (EPS) for the quarter, Zacks reports. Senmiao Technology had a negative return on equity of 368.21% and a negative net margin of 104.56%.

Senmiao Technology Price Performance

Shares of NASDAQ:AIHS traded up $0.05 during trading hours on Tuesday, hitting $1.41. The company’s stock had a trading volume of 8,343 shares, compared to its average volume of 44,934. The firm’s fifty day moving average price is $1.26 and its 200 day moving average price is $1.25. Senmiao Technology has a 52 week low of $0.83 and a 52 week high of $8.26. The company has a market capitalization of $4.54 million, a price-to-earnings ratio of -1.64 and a beta of 0.95.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Senmiao Technology in a research report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Senmiao Technology has an average rating of “Sell”.

About Senmiao Technology

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.