Lufax (NYSE:LU) Stock Price Down 4.5%

Lufax Holding Ltd (NYSE:LU)’s share price fell 4.5% during mid-day trading on Tuesday . The stock traded as low as $2.76 and last traded at $2.76. 599,901 shares changed hands during trading, a decline of 87% from the average session volume of 4,707,872 shares. The stock had previously closed at $2.89.

Lufax Stock Performance

The stock has a market cap of $1.58 billion, a price-to-earnings ratio of -19.64, a P/E/G ratio of 0.38 and a beta of 0.84. The business’s 50 day moving average is $2.99 and its 200 day moving average is $3.26. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.70 and a quick ratio of 1.70.

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

Institutional Investors Weigh In On Lufax

Several hedge funds and other institutional investors have recently bought and sold shares of LU. Sequoia Financial Advisors LLC purchased a new position in shares of Lufax during the first quarter worth about $60,000. PFG Investments LLC purchased a new position in Lufax during the 1st quarter worth approximately $76,000. PDS Planning Inc acquired a new position in Lufax during the first quarter worth approximately $78,000. Simplicity Wealth LLC purchased a new stake in Lufax in the second quarter valued at approximately $79,000. Finally, Diversified Trust Co acquired a new stake in shares of Lufax in the first quarter valued at 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.