Senmiao Technology (NASDAQ:AIHS) Trading Down 3.9% – What’s Next?

Shares of Senmiao Technology Limited (NASDAQ:AIHS) dropped 3.9% on Monday . The company traded as low as $1.05 and last traded at $1.0762. Approximately 10,843 shares changed hands during trading, a decline of 70% from the average daily volume of 36,424 shares. The stock had previously closed at $1.1203.

Analysts Set New Price Targets

AIHS has been the subject of a number of research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Senmiao Technology in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Senmiao Technology to a “hold” rating in a research report on Saturday, October 11th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Senmiao Technology has an average rating of “Sell”.

Senmiao Technology Stock Performance

The company has a market capitalization of $3.55 million, a PE ratio of -1.02 and a beta of 0.91. The stock has a 50 day moving average price of $1.39 and a two-hundred day moving average price of $2.44.

Senmiao Technology (NASDAQ:AIHS) last announced its quarterly earnings results on Wednesday, November 19th. The company reported ($0.43) EPS for the quarter. The firm had revenue of $0.94 million during the quarter. Senmiao Technology had a negative net margin of 88.60% and a negative return on equity of 454.33%.

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.