Fanhua Inc. (NASDAQ:FANH – Get Rating) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 1,550,000 shares, a decrease of 32.9% from the March 15th total of 2,310,000 shares. Based on an average trading volume of 47,500 shares, the days-to-cover ratio is currently 32.6 days. Currently, 3.6% of the shares of the stock are short sold.
Shares of NASDAQ FANH opened at $6.60 on Friday. The firm has a 50-day moving average of $6.91 and a two-hundred day moving average of $9.18. The company has a market capitalization of $354.35 million, a price-to-earnings ratio of 9.30 and a beta of 0.54. Fanhua has a twelve month low of $6.01 and a twelve month high of $16.00.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 26th. Shareholders of record on Tuesday, April 12th will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, April 11th. This represents a $0.60 annualized dividend and a yield of 9.09%. Fanhua’s payout ratio is presently 81.69%.
A number of equities research analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Fanhua in a report on Monday, April 11th. They issued a “hold” rating for the company. Zacks Investment Research downgraded shares of Fanhua from a “buy” rating to a “hold” rating in a report on Tuesday, March 1st.
About Fanhua (Get Rating)
Fanhua Inc, together with its subsidiary, distributes insurance products in China. It operates through two segments, Insurance Agency and Claims Adjusting. The Insurance Agency segment provides property and casualty insurance products that primarily include individual accident, travel, homeowner, and indemnity medical insurance products; and life insurance products, such as individual health, individual whole life, individual term life, individual endowment life, and individual annuity, as well as participating insurance products.
- Get a free copy of the StockNews.com research report on Fanhua (FANH)
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