Senmiao Technology (NASDAQ:AIHS) Posts Quarterly Earnings Results

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

Senmiao Technology Trading Down 1.0%

NASDAQ:AIHS traded down $0.01 during trading hours on Wednesday, reaching $1.03. The company had a trading volume of 50,435 shares, compared to its average volume of 1,190,114. The firm has a market cap of $1.14 million, a price-to-earnings ratio of -0.90 and a beta of 1.14. The firm’s 50 day moving average price is $1.92 and its 200-day moving average price is $3.92. Senmiao Technology has a 52 week low of $0.83 and a 52 week high of $17.00.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wall Street Zen raised Senmiao Technology to a “hold” rating in a research report on Saturday, October 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Senmiao Technology in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Senmiao Technology currently has an average rating of “Sell”.

About Senmiao Technology

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.