Senmiao Technology (NASDAQ:AIHS) Posts Earnings Results

Senmiao Technology (NASDAQ:AIHS) announced its quarterly earnings results on Tuesday. The company reported $999.00 earnings per share (EPS) for the quarter, Zacks reports. Senmiao Technology had a negative return on equity of 368.21% and a negative net margin of 104.56%.

Senmiao Technology Trading Up 3.6%

Shares of AIHS traded up $0.05 during midday trading on Tuesday, hitting $1.41. 8,343 shares of the company’s stock traded hands, compared to its average volume of 44,934. The stock has a market capitalization of $4.54 million, a price-to-earnings ratio of -1.64 and a beta of 0.95. The firm’s fifty day moving average is $1.26 and its 200-day moving average is $1.25. Senmiao Technology has a 1 year low of $0.83 and a 1 year high of $8.26.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Senmiao Technology in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus 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.