Senmiao Technology (NASDAQ:AIHS) Releases Earnings Results

Senmiao Technology (NASDAQ:AIHS) issued its earnings results on Tuesday. The company reported $999.00 EPS for the quarter, Zacks reports. Senmiao Technology had a negative return on equity of 368.21% and a negative net margin of 104.56%.

Senmiao Technology Stock Performance

AIHS traded up $0.05 during midday trading on Tuesday, reaching $1.41. 8,343 shares of the company were exchanged, compared to its average volume of 44,934. The company’s fifty day moving average price is $1.26 and its 200 day moving average price is $1.25. Senmiao Technology has a one year low of $0.83 and a one year high of $8.26. The company has a market cap of $4.54 million, a price-to-earnings ratio of -1.64 and a beta of 0.95.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Senmiao Technology in a research report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

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.