Senmiao Technology (NASDAQ:AIHS) Trading Down 2.2% – What’s Next?

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

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Senmiao Technology in a research note on Friday. One analyst has rated the stock with a Sell rating, According to MarketBeat, Senmiao Technology presently has a consensus rating of “Sell”.

Senmiao Technology Stock Performance

The stock’s 50 day simple moving average is $1.31 and its 200 day simple moving average is $1.28. The firm 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 posted its quarterly earnings data on Tuesday, June 30th. The company reported $0.00 earnings per share for the quarter.

Senmiao Technology Company Profile

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.