Senmiao Technology (NASDAQ:AIHS) Shares Down 0.7% – What’s Next?

Shares of Senmiao Technology Limited (NASDAQ:AIHS) were down 0.7% on Monday . The stock traded as low as $1.4115 and last traded at $1.43. Approximately 41,701 shares traded hands during trading, an increase of 251% from the average daily volume of 11,874 shares. The stock had previously closed at $1.44.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Senmiao Technology in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Senmiao Technology Stock Performance

The company has a market cap of $4.59 million, a P/E ratio of -1.66 and a beta of 1.01. The business’s 50-day moving average price is $1.20 and its 200 day moving average price is $1.58.

Senmiao Technology (NASDAQ:AIHS) last issued its earnings results on Friday, February 13th. The company reported ($0.28) earnings per share (EPS) for the quarter. Senmiao Technology had a negative net margin of 104.56% and a negative return on equity of 368.21%. The firm had revenue of $0.36 million during 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.