Senmiao Technology (NASDAQ:AIHS) Issues Earnings Results

Senmiao Technology (NASDAQ:AIHS) announced its quarterly earnings results on Tuesday. The company reported $999.00 EPS for the quarter, Zacks reports. Senmiao Technology had a negative net margin of 104.56% and a negative return on equity of 368.21%.

Senmiao Technology Stock Performance

AIHS opened at $1.40 on Thursday. Senmiao Technology has a one year low of $0.83 and a one year high of $8.26. The stock has a market capitalization of $4.49 million, a P/E ratio of -1.63 and a beta of 0.88. The business’s 50-day simple moving average is $1.26 and its 200-day simple moving average is $1.26.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Senmiao Technology in a research report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average 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.