Senmiao Technology (NASDAQ:AIHS) Announces Earnings Results

Senmiao Technology (NASDAQ:AIHS) announced its quarterly earnings data on Friday. The company reported ($0.28) EPS for the quarter, Zacks reports. Senmiao Technology had a negative net margin of 88.60% and a negative return on equity of 454.33%.

Senmiao Technology Price Performance

NASDAQ AIHS traded up $0.07 during mid-day trading on Friday, hitting $1.24. The company’s stock had a trading volume of 10,485 shares, compared to its average volume of 24,299. Senmiao Technology has a 52-week low of $0.83 and a 52-week high of $17.00. The stock’s fifty day simple moving average is $1.16 and its two-hundred day simple moving average is $1.71. The firm has a market capitalization of $3.98 million, a P/E ratio of -1.15 and a beta of 1.05.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Senmiao Technology in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

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.