ValuEngine Upgrades Senmiao Technology (NASDAQ:AIHS) to “Buy”

Senmiao Technology (NASDAQ:AIHS) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, ValuEngine reports.

Shares of AIHS opened at $1.07 on Friday. Senmiao Technology has a twelve month low of $0.26 and a twelve month high of $7.38. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.70 and a quick ratio of 1.41. The company’s fifty day simple moving average is $0.34 and its 200-day simple moving average is $1.88.

Senmiao Technology (NASDAQ:AIHS) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.02) EPS for the quarter. The company had revenue of $5.09 million during the quarter. Senmiao Technology had a negative net margin of 52.55% and a negative return on equity of 43.07%.

A hedge fund recently bought a new stake in Senmiao Technology stock. Invesco Ltd. acquired a new stake in Senmiao Technology Ltd (NASDAQ:AIHS) in the 2nd quarter, according to its most recent disclosure with the Securities and 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 2.86% of the company’s stock.

About Senmiao Technology

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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