AIFU Inc. – Sponsored ADR (NASDAQ:AIFU – Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $56.55 and last traded at $57.2030, with a volume of 1744 shares traded. The stock had previously closed at $2.70.
Analysts Set New Price Targets
Separately, Weiss Ratings lowered AIFU from a “sell (d)” rating to a “sell (e+)” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Sell rating, According to MarketBeat, AIFU currently has an average rating of “Sell”.
AIFU Price Performance
AIFU (NASDAQ:AIFU – Get Free Report) last posted its earnings results on Tuesday, April 28th. The company reported ($4,060.30) EPS for the quarter, missing analysts’ consensus estimates of $237.20 by ($4,297.50). The firm had revenue of $19.02 million for the quarter, compared to analysts’ expectations of $453.00 million.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in AIFU stock. Acadian Asset Management LLC purchased a new stake in shares of AIFU Inc. – Sponsored ADR (NASDAQ:AIFU – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 868,208 shares of the company’s stock, valued at approximately $182,000. Acadian Asset Management LLC owned approximately 1.50% of AIFU at the end of the most recent quarter. 26.72% of the stock is currently owned by institutional investors and hedge funds.
About AIFU
AIX, Inc engages in the provision of agency services and insurance claims adjusting services. It operates through the Insurance Agency and Claims Adjusting segments. The Insurance Agency segment includes providing agency services for insurance products and life insurance products. The Claims Adjusting segment provides pre-underwriting survey services, claims adjusting services, disposal of residual value services, loading and unloading supervision services, and consulting services. The company was founded by Yin An Hu and Qiu Ping Lai in 1998 and is headquartered in Guangzhou, China.
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