Lufax (NYSE:LU) Announces Earnings Results

Lufax (NYSE:LU) posted its quarterly earnings results on Monday. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.15), Yahoo Finance reports. The firm had revenue of $789.93 million for the quarter. Lufax had a negative return on equity of 2.66% and a negative net margin of 8.70%. During the same period in the previous year, the business earned $0.04 earnings per share.

Lufax Price Performance

NYSE:LU traded down $0.15 during trading hours on Wednesday, reaching $2.90. The company had a trading volume of 1,306,522 shares, compared to its average volume of 4,177,394. The firm has a market capitalization of $1.66 billion, a PE ratio of -20.64 and a beta of 0.85. The stock has a 50-day moving average of $2.77 and a two-hundred day moving average of $3.19. Lufax has a one year low of $2.00 and a one year high of $4.94. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.08.

Analyst Ratings Changes

Separately, Bank of America cut their price objective on Lufax from $5.22 to $2.75 and set a “neutral” rating on the stock in a research note on Friday, August 23rd.

Lufax Company Profile

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.