Senmiao Technology (NASDAQ:AIHS) Stock Price Down 0.6% – Time to Sell?

Senmiao Technology Limited (NASDAQ:AIHS)’s stock price traded down 0.6% on Monday . The company traded as low as $0.87 and last traded at $0.88. 6,245 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 36,749 shares. The stock had previously closed at $0.89.

Senmiao Technology Price Performance

The business’s 50-day moving average price is $0.92 and its two-hundred day moving average price is $0.98. The firm has a market cap of $9.05 million, a price-to-earnings ratio of -2.69 and a beta of 0.62.

Senmiao Technology (NASDAQ:AIHS) last issued its quarterly earnings results on Friday, February 14th. The company reported ($0.05) EPS for the quarter. Senmiao Technology had a negative return on equity of 100.65% and a negative net margin of 81.98%. The company had revenue of $920 billion for the quarter.

Institutional Investors Weigh In On Senmiao Technology

An institutional investor recently raised its position in Senmiao Technology stock. Virtu Financial LLC grew its holdings in shares of Senmiao Technology Limited (NASDAQ:AIHS) by 143.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,047 shares of the company’s stock after buying an additional 15,365 shares during the quarter. Virtu Financial LLC owned 0.25% of Senmiao Technology worth $31,000 at the end of the most recent quarter. Institutional investors own 0.42% of the company’s stock.

Senmiao Technology Company Profile

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.