Lufax (NYSE:LU) Shares Gap Down to $2.85

Lufax Holding Ltd (NYSE:LU)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $2.85, but opened at $2.40. Lufax shares last traded at $2.59, with a volume of 7,196,039 shares traded.

Lufax Stock Up 3.9 %

The company has a market cap of $1.70 billion, a price-to-earnings ratio of -17.93, a P/E/G ratio of 0.32 and a beta of 0.84. The firm has a 50-day moving average price of $3.58 and a 200 day moving average price of $3.27. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.70 and a quick ratio of 1.70.

Lufax (NYSE:LU) last posted its quarterly earnings data on Monday, April 22nd. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.28). The firm had revenue of $964.47 million for the quarter. Lufax had a negative return on equity of 0.72% and a negative net margin of 2.17%. Sell-side analysts predict that Lufax Holding Ltd will post 0.21 EPS for the current year.

Institutional Investors Weigh In On Lufax

Several institutional investors have recently made changes to their positions in the stock. Baillie Gifford & Co. lifted its position in Lufax by 98.9% during the first quarter. Baillie Gifford & Co. now owns 12,089,786 shares of the company’s stock worth $51,019,000 after purchasing an additional 6,012,562 shares during the period. Acadian Asset Management LLC lifted its stake in Lufax by 5,000.2% during the first quarter. Acadian Asset Management LLC now owns 3,036,225 shares of the company’s stock worth $12,798,000 after purchasing an additional 2,976,693 shares during the last quarter. Yunqi Capital Ltd boosted its holdings in shares of Lufax by 39.4% in the 1st quarter. Yunqi Capital Ltd now owns 7,092,640 shares of the company’s stock valued at $29,931,000 after purchasing an additional 2,002,873 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Lufax by 25.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,242,221 shares of the company’s stock worth $4,497,000 after buying an additional 862,120 shares in the last quarter. Finally, Nomura Holdings Inc. lifted its position in shares of Lufax by 2,280.1% during the 4th quarter. Nomura Holdings Inc. now owns 883,009 shares of the company’s stock worth $2,711,000 after buying an additional 845,909 shares during the last quarter. 69.14% of the stock is currently owned by institutional investors.

About Lufax

Lufax Holding Ltd operates as a financial service empowering institution for small and micro businesses in China. The company offers loan products, including general unsecured loans and secured loans, as well as consumer finance loans. It also provides wealth management products, such as asset management plans, mutual fund products, private investment fund products, and trust products.