Senmiao Technology (NASDAQ:AIHS) Trading 3% Higher – Time to Buy?
by Scott Moore · The Cerbat GemSenmiao Technology Limited (NASDAQ:AIHS – Get Free Report) shares traded up 3% during mid-day trading on Thursday . The stock traded as high as $1.19 and last traded at $1.2050. 1,696 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 43,806 shares. The stock had previously closed at $1.17.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Senmiao Technology in a research note on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.
View Our Latest Analysis on AIHS
Senmiao Technology Stock Up 3.0%
The firm has a market cap of $3.87 million, a PE ratio of -1.40 and a beta of 0.97. The stock has a 50 day moving average price of $1.31 and a two-hundred day moving average price of $1.25.
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.