Lufax (NYSE:LU) Stock Price Up 2.9%

Lufax Holding Ltd (NYSE:LU) shares were up 2.9% during mid-day trading on Wednesday . The stock traded as high as $2.88 and last traded at $2.85. Approximately 240,903 shares were traded during trading, a decline of 95% from the average daily volume of 4,677,214 shares. The stock had previously closed at $2.77.

Lufax Stock Down 0.7 %

The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.07. The firm’s 50-day moving average price is $3.06 and its 200 day moving average price is $3.26. The firm has a market cap of $1.58 billion, a P/E ratio of -19.57, a price-to-earnings-growth ratio of 0.39 and a beta of 0.84.

Lufax (NYSE:LU) last posted its earnings results on Monday, April 22nd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.28). Lufax had a negative net margin of 2.17% and a negative return on equity of 0.72%. The firm had revenue of $964.47 million for the quarter. As a group, research analysts expect that Lufax Holding Ltd will post 0.21 earnings per share for the current year.

Hedge Funds Weigh In On Lufax

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC bought a new stake in Lufax during the 1st quarter valued at $60,000. PFG Investments LLC acquired a new stake in shares of Lufax in the first quarter valued at $76,000. PDS Planning Inc acquired a new stake in Lufax in the 1st quarter valued at about $78,000. Simplicity Wealth LLC acquired a new position in shares of Lufax in the 2nd quarter worth approximately $79,000. Finally, Diversified Trust Co bought a new stake in shares of Lufax in the 1st quarter worth approximately $92,000. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Lufax Company Profile

Lufax Holding Ltd operates as a financial service empowering institution for small and micro businesses in China. The company offers loan products, including general unsecured loans and secured loans, as well as consumer finance loans. It also provides wealth management products, such as asset management plans, mutual fund products, private investment fund products, and trust products.