AIFU (NASDAQ:AIFU) Sets New 12-Month High – Time to Buy?

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

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of AIFU from a “sell (d)” rating to a “sell (e+)” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

AIFU Trading Up 5.9%

The stock has a 50 day moving average of $1.82 and a 200-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 announced its quarterly earnings data on Tuesday, April 28th. The company reported ($203.02) EPS for the quarter, missing the consensus estimate of $11.86 by ($214.88). The business had revenue of $19.02 million during the quarter, compared to the consensus estimate of $453.00 million.

Institutional Investors Weigh In On AIFU

An institutional investor recently bought a new position in AIFU stock. Acadian Asset Management LLC acquired a new stake in AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 868,208 shares of the company’s stock, valued at approximately $182,000. Acadian Asset Management LLC owned 1.50% of AIFU at the end of the most recent reporting period. 26.72% of the stock is owned by institutional investors and hedge funds.

AIFU Company Profile

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.