Senmiao Technology (NASDAQ:AIHS) Trading Down 2.2% – Time to Sell?

Senmiao Technology Limited (NASDAQ:AIHS)’s stock price fell 2.2% during mid-day trading on Tuesday . The company traded as low as $1.20 and last traded at $1.32. 79,341 shares were traded during trading, a decline of 81% from the average daily volume of 428,150 shares. The stock had previously closed at $1.35.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Senmiao Technology in a research note on Friday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Senmiao Technology currently has an average rating of “Sell”.

Senmiao Technology Trading Down 2.2%

The business has a fifty day moving average of $1.31 and a 200-day moving average of $1.28. The company has a market cap of $19.22 million, a PE ratio of -1.53 and a beta of 0.88.

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