AIFU (NASDAQ:AIFU) Stock Price Up 1% – Should You Buy?

AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) rose 1% during trading on Wednesday . The company traded as high as $2.97 and last traded at $2.91. Approximately 1,475 shares traded hands during trading, a decline of 99% from the average daily volume of 199,143 shares. The stock had previously closed at $2.88.

Wall Street Analyst Weigh In

AIFU has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of AIFU in a research report on Wednesday, October 8th. Wall Street Zen raised AIFU from a “sell” rating to a “hold” rating in a research note on Sunday, September 21st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

AIFU Stock Up 1.0%

The stock has a market cap of $8.42 million, a price-to-earnings ratio of 0.20 and a beta of 0.46. The company’s 50-day simple moving average is $4.65 and its 200-day simple moving average is $8.28.

AIFU (NASDAQ:AIFU) last released its quarterly earnings data on Tuesday, September 30th. The company reported ($854.10) earnings per share for the quarter. The firm had revenue of $20.76 million during the quarter.

Institutional Trading of AIFU

An institutional investor recently bought a new position in AIFU stock. Acadian Asset Management LLC bought a new position in AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 868,208 shares of the company’s stock, valued at approximately $182,000. Acadian Asset Management LLC owned 1.50% of AIFU at the end of the most recent reporting period. Institutional investors and hedge funds own 26.72% of the company’s stock.

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.