Senmiao Technology (NASDAQ:AIHS) Stock Price Down 2.2% – What’s Next?

Senmiao Technology Limited (NASDAQ:AIHS)’s stock price dropped 2.2% during mid-day trading on Tuesday . The stock traded as low as $1.20 and last traded at $1.32. 79,341 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 428,150 shares. The stock had previously closed at $1.35.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated 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 MarketBeat.com, Senmiao Technology presently has a consensus rating of “Sell”.

Senmiao Technology Stock Down 1.1%

The company has a market capitalization of $20.46 million, a PE ratio of -1.63 and a beta of 0.88. The firm has a 50-day moving average of $1.32 and a two-hundred day moving average of $1.28.

Senmiao Technology (NASDAQ:AIHS) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.00 EPS for the quarter.

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.