Senmiao Technology (NASDAQ:AIHS) Announces Earnings Results

Senmiao Technology (NASDAQ:AIHS) posted its quarterly 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

Shares of AIHS opened at $1.41 on Wednesday. Senmiao Technology has a 52-week low of $0.83 and a 52-week high of $8.26. The firm has a market cap of $4.54 million, a price-to-earnings ratio of -1.64 and a beta of 0.95. The business’s fifty day moving average is $1.26 and its 200-day moving average is $1.26.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Senmiao Technology in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus 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.