Senmiao Technology (NASDAQ:AIHS) Shares Up 3.3% – Here’s What Happened

Senmiao Technology Limited (NASDAQ:AIHS)’s share price shot up 3.3% during trading on Tuesday . The stock traded as high as $0.94 and last traded at $0.94. 4,220 shares traded hands during trading, a decline of 91% from the average session volume of 46,550 shares. The stock had previously closed at $0.91.

Senmiao Technology Price Performance

The firm has a market cap of $9.78 million, a price-to-earnings ratio of -2.21 and a beta of 1.02. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average of $1.07 and a 200 day moving average of $0.97.

Senmiao Technology (NASDAQ:AIHS) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.06) earnings per share for the quarter. Senmiao Technology had a negative net margin of 67.01% and a negative return on equity of 81.03%. The company had revenue of $1.12 million during the quarter.

About Senmiao Technology

Senmiao Technology Limited engages in the automobile transaction and related services business in the People's Republic of China. It operates through two segments, Automobile Transaction and Related Services, and Online Ride-Hailing Platform Services. The company offers car rental services to individual customers; and auto finance solutions through financing leases.