Senmiao Technology (NASDAQ:AIHS) Shares Up 3% – Here’s Why

Senmiao Technology Limited (NASDAQ:AIHS) shares shot up 3% on Thursday . The stock traded as high as $1.19 and last traded at $1.2050. 1,696 shares changed hands during trading, a decline of 96% from the average session volume of 43,806 shares. The stock had previously closed at $1.17.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Senmiao Technology in a report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Senmiao Technology Stock Performance

The company’s fifty day simple moving average is $1.30 and its two-hundred day simple moving average is $1.25. The stock has a market capitalization of $3.77 million, a PE ratio of -1.37 and a beta of 0.97.

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.