Senmiao Technology (NASDAQ:AIHS) Shares Up 26% – Should You Buy?

Shares of Senmiao Technology Limited (NASDAQ:AIHS) shot up 26% on Tuesday . The company traded as high as $1.93 and last traded at $1.89. 36,232,214 shares traded hands during mid-day trading, an increase of 8,572% from the average session volume of 417,811 shares. The stock had previously closed at $1.50.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Senmiao Technology in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Senmiao Technology has an average rating of “Sell”.

Senmiao Technology Stock Up 4.4%

The business’s 50-day moving average is $1.40 and its two-hundred day moving average is $1.32. The company has a market capitalization of $24.32 million, a P/E ratio of -1.94 and a beta of 0.90.

Senmiao Technology (NASDAQ:AIHS) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $0.00 earnings per share (EPS) for the quarter.

About Senmiao Technology

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.