Senmiao Technology (NASDAQ:AIHS) Shares Up 26% – What’s Next?

Shares of Senmiao Technology Limited (NASDAQ:AIHS) shot up 26% on Tuesday . The company traded as high as $1.93 and last traded at $1.89. 36,232,214 shares changed hands during trading, an increase of 8,572% from the average daily volume of 417,811 shares. The stock had previously closed at $1.50.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Senmiao Technology in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Senmiao Technology currently has a consensus rating of “Sell”.

Senmiao Technology Trading Up 26.0%

The firm has a market cap of $27.52 million, a P/E ratio of -2.20 and a beta of 0.90. The company’s 50 day simple moving average is $1.39 and its 200-day simple moving average is $1.32.

Senmiao Technology (NASDAQ:AIHS) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.00 EPS for the quarter.

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.