AIFU (NASDAQ:AIFU) Trading Down 11.8% – Should You Sell?

Shares of AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) were down 11.8% during mid-day trading on Monday . The stock traded as low as $4.40 and last traded at $4.41. Approximately 13,967 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 26,333 shares. The stock had previously closed at $5.00.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AIFU. Weiss Ratings reissued a “hold (c)” rating on shares of AIFU in a research report on Wednesday, October 8th. Wall Street Zen upgraded AIFU from a “sell” rating to a “hold” rating in a research note on Sunday, September 21st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, AIFU presently has a consensus rating of “Hold”.

AIFU Stock Performance

The stock has a market capitalization of $12.79 million, a price-to-earnings ratio of 6.04 and a beta of 0.49. The company has a fifty day simple moving average of $5.66 and a 200 day simple moving average of $21.43.

Hedge Funds Weigh In On AIFU

A hedge fund recently bought a new stake in AIFU stock. Acadian Asset Management LLC bought a new stake in AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 868,208 shares of the company’s stock, valued at approximately $182,000. Acadian Asset Management LLC owned about 1.50% of AIFU as of its most recent SEC filing. 26.72% of the stock is currently owned by institutional investors.

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.