Senmiao Technology (NASDAQ:AIHS) Posts Quarterly Earnings Results

Senmiao Technology (NASDAQ:AIHS) posted its quarterly earnings data on Wednesday. The company reported ($0.43) earnings per share (EPS) for the quarter, Zacks reports. Senmiao Technology had a negative return on equity of 211.61% and a negative net margin of 95.43%.

Senmiao Technology Price Performance

Shares of AIHS stock traded down $0.01 on Wednesday, hitting $1.03. 50,435 shares of the stock traded hands, compared to its average volume of 1,190,114. Senmiao Technology has a 52 week low of $0.83 and a 52 week high of $17.00. The firm has a 50 day simple moving average of $1.92 and a two-hundred day simple moving average of $3.92. The firm has a market cap of $1.14 million, a price-to-earnings ratio of -0.90 and a beta of 1.14.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Senmiao Technology in a research report on Wednesday, October 8th. Wall Street Zen upgraded Senmiao Technology to a “hold” rating in a research note on Saturday, October 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Senmiao Technology presently has an average rating of “Sell”.

Senmiao Technology Company Profile

Senmiao Technology Limited engages in the automobile transaction and related services business in the People's Republic of China. It operates through two segments, Automobile Transaction and Related Services, and Online Ride-Hailing Platform Services. The company offers car rental services to individual customers; and auto finance solutions through financing leases.