Senmiao Technology (NASDAQ:AIHS) Shares Gap Up to $0.35

Senmiao Technology Ltd (NASDAQ:AIHS) shares gapped up before the market opened on Monday . The stock had previously closed at $0.35, but opened at $0.35. Senmiao Technology shares last traded at $0.31, with a volume of 10,328 shares changing hands.

Separately, ValuEngine upgraded shares of Senmiao Technology from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.

The company’s 50-day moving average is $0.39 and its two-hundred day moving average is $2.37. The company has a current ratio of 1.70, a quick ratio of 1.41 and a debt-to-equity ratio of 0.03.

Senmiao Technology (NASDAQ:AIHS) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $5.09 million for the quarter. Senmiao Technology had a negative net margin of 52.55% and a negative return on equity of 43.07%.

A hedge fund recently bought a new stake in Senmiao Technology stock. Invesco Ltd. purchased a new stake in shares of Senmiao Technology Ltd (NASDAQ:AIHS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 28,420 shares of the company’s stock, valued at approximately $79,000. Invesco Ltd. owned 0.10% of Senmiao Technology as of its most recent filing with the Securities & Exchange Commission. 2.93% of the stock is owned by hedge funds and other institutional investors.

About Senmiao Technology (NASDAQ:AIHS)

Senmiao Technology Limited, through its interest in Sichuan Senmiao Ronglian Technology Co, Ltd., operates an online lending platform connecting Chinese investors with individual and small- to-medium-sized enterprise borrowers in China. Its platform offers access to credit to borrowers and creditors, and investment returns for investors.

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