Senmiao Technology (NASDAQ:AIHS) Shares Up 13.2%

Shares of Senmiao Technology Ltd (NASDAQ:AIHS) shot up 13.2% during trading on Monday . The stock traded as high as $0.47 and last traded at $0.43, 382,731 shares traded hands during trading. An increase of 361% from the average session volume of 82,965 shares. The stock had previously closed at $0.38.

Separately, ValuEngine upgraded shares of Senmiao Technology from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.41 and a current ratio of 1.70. The firm’s fifty day simple moving average is $0.81 and its 200 day simple moving average is $3.08.

Senmiao Technology (NASDAQ:AIHS) last announced its earnings results on Wednesday, July 3rd. The company reported ($0.08) EPS for the quarter. Senmiao Technology had a negative return on equity of 43.07% and a negative net margin of 52.55%. The company had revenue of $2.52 million for the quarter.

An institutional investor recently bought a new position in Senmiao Technology stock. Invesco Ltd. acquired a new stake in Senmiao Technology Ltd (NASDAQ:AIHS) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 28,420 shares of the company’s stock, valued at approximately $79,000. Invesco Ltd. owned about 0.10% of Senmiao Technology as of its most recent SEC filing. Institutional investors and hedge funds own 2.93% of the company’s stock.

Senmiao Technology Company Profile (NASDAQ:AIHS)

Senmiao Technology Limited, through its interest in Sichuan Senmiao Ronglian Technology Co, Ltd., operates an online lending platform connecting Chinese investors with individual and small- to-medium-sized enterprise borrowers in China. Its platform offers access to credit to borrowers and creditors, and investment returns for investors.

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