AIFU (NASDAQ:AIFU) Hits New 52-Week High – Here’s What Happened

AIFU Inc. – Sponsored ADR (NASDAQ:AIFU)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $56.55 and last traded at $57.2030, with a volume of 1744 shares trading hands. The stock had previously closed at $2.70.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut AIFU from a “sell (d)” rating to a “sell (e+)” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

AIFU Price Performance

The firm has a fifty day moving average of $1.82 and a two-hundred day moving average of $2.10. The stock has a market capitalization of $7.04 billion, a P/E ratio of 3.80 and a beta of 1.00.

AIFU (NASDAQ:AIFU) last posted its earnings results on Tuesday, April 28th. The company reported ($203.02) EPS for the quarter, missing analysts’ consensus estimates of $11.86 by ($214.88). The business had revenue of $19.02 million for the quarter, compared to analyst estimates of $453.00 million.

Hedge Funds Weigh In On AIFU

A hedge fund recently bought a new stake in AIFU stock. Acadian Asset Management LLC bought a new position in shares of AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 868,208 shares of the company’s stock, valued at approximately $182,000. Acadian Asset Management LLC owned 1.50% of AIFU as of its most recent SEC filing. 26.72% of the stock is owned by institutional investors.

About AIFU

AIX, Inc engages in the provision of agency services and insurance claims adjusting services. It operates through the Insurance Agency and Claims Adjusting segments. The Insurance Agency segment includes providing agency services for insurance products and life insurance products. The Claims Adjusting segment provides pre-underwriting survey services, claims adjusting services, disposal of residual value services, loading and unloading supervision services, and consulting services. The company was founded by Yin An Hu and Qiu Ping Lai in 1998 and is headquartered in Guangzhou, China.