Senmiao Technology (NASDAQ:AIHS) Posts Quarterly Earnings Results

Senmiao Technology (NASDAQ:AIHS) posted its quarterly earnings data on Friday. The company reported $0.28 earnings per share for the quarter, Zacks reports.

Senmiao Technology Price Performance

AIHS traded down $0.03 during trading on Friday, hitting $1.64. 66,301 shares of the stock traded hands, compared to its average volume of 330,010. The business has a 50 day moving average price of $1.41 and a 200 day moving average price of $1.32. The company has a market cap 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.

Wall Street Analyst Weigh In

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

Senmiao Technology Company Profile

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.