Fanhua (NASDAQ:FANH) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Friday, BidAskClub reports.

Other research analysts also recently issued reports about the company. ValuEngine upgraded Fanhua from a “hold” rating to a “buy” rating in a research report on Wednesday. Morgan Stanley began coverage on Fanhua in a research report on Monday, July 29th. They set an “overweight” rating for the company. CICC Research downgraded Fanhua from an “outperform” rating to a “neutral” rating in a research report on Wednesday, August 21st. Finally, Zacks Investment Research downgraded Fanhua from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Fanhua has an average rating of “Hold”.

FANH stock opened at $25.02 on Friday. Fanhua has a 1-year low of $19.39 and a 1-year high of $35.55. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.87 and a quick ratio of 2.87. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 17.50 and a beta of 1.27. The business has a 50 day simple moving average of $26.39 and a two-hundred day simple moving average of $29.08.

Fanhua (NASDAQ:FANH) last posted its quarterly earnings results on Tuesday, August 20th. The financial services provider reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.13). The business had revenue of $130.87 million during the quarter. Fanhua had a return on equity of 20.59% and a net margin of 15.68%. Sell-side analysts anticipate that Fanhua will post 1.13 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of FANH. Quantamental Technologies LLC bought a new position in shares of Fanhua during the 2nd quarter valued at approximately $69,000. Aperio Group LLC bought a new position in shares of Fanhua during the 2nd quarter valued at approximately $89,000. Mark Sheptoff Financial Planning LLC bought a new stake in Fanhua in the second quarter worth $112,000. Tower Research Capital LLC TRC lifted its position in Fanhua by 4,537.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,637 shares of the financial services provider’s stock worth $155,000 after buying an additional 4,537 shares during the last quarter. Finally, Segantii Capital Management Ltd lifted its position in Fanhua by 16.7% in the second quarter. Segantii Capital Management Ltd now owns 8,932 shares of the financial services provider’s stock worth $299,000 after buying an additional 1,276 shares during the last quarter. Hedge funds and other institutional investors own 29.32% of the company’s stock.

Fanhua Company Profile

Fanhua Inc distributes insurance products in China. It operates through two segments, Insurance Agency and Claims Adjusting. The Insurance Agency segment provides property and casualty insurance products, including automobile, individual accident, travel, disability income, commercial property, construction, and other property and casualty products; and life insurance products, such as individual health, individual whole life, individual term life, individual endowment life, and individual annuity, as well as group life and participating insurance products.

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