Senmiao Technology (NASDAQ:AIHS) Issues Earnings Results

Senmiao Technology (NASDAQ:AIHS) announced its quarterly earnings results on Friday. The company reported $0.28 EPS for the quarter, Zacks reports.

Senmiao Technology Stock Performance

NASDAQ AIHS traded down $0.03 during trading hours on Friday, hitting $1.64. 66,301 shares of the company traded hands, compared to its average volume of 330,010. The stock has a market capitalization of $23.88 million, a price-to-earnings ratio of -1.91 and a beta of 0.90. Senmiao Technology has a twelve month low of $0.83 and a twelve month high of $8.26. The business’s 50-day moving average is $1.41 and its 200-day moving average is $1.32.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Senmiao Technology in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Senmiao Technology presently has a consensus 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.