Lufax Holding Ltd (NYSE:LU - Get Free Report)'s stock price dropped 3.3% on Thursday . The company traded as low as $3.07 and last traded at $3.09. Approximately 269,398 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 3,714,514 shares. The stock had previously closed at $3.19.
Lufax Price Performance
The firm's fifty day simple moving average is $2.79 and its 200 day simple moving average is $2.70. The company has a market capitalization of $2.57 billion, a PE ratio of -3.86 and a beta of 0.77.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Franklin Resources Inc. boosted its holdings in Lufax by 9.2% during the fourth quarter. Franklin Resources Inc. now owns 71,597 shares of the company's stock worth $171,000 after buying an additional 6,013 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in Lufax by 24.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 32,677 shares of the company's stock worth $79,000 after purchasing an additional 6,422 shares in the last quarter. Corient Private Wealth LLC grew its holdings in Lufax by 43.6% in the fourth quarter. Corient Private Wealth LLC now owns 21,218 shares of the company's stock valued at $51,000 after purchasing an additional 6,445 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Lufax by 11.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 63,847 shares of the company's stock worth $152,000 after buying an additional 6,519 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Lufax by 102.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,600 shares of the company's stock valued at $40,000 after buying an additional 8,382 shares in the last quarter. 69.14% of the stock is owned by institutional investors and hedge funds.
About Lufax
(
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Lufax Holding Ltd operates as a financial service empowering institution for small and micro businesses in China. The company offers loan products, including general unsecured loans and secured loans, as well as consumer finance loans. It also provides wealth management products, such as asset management plans, mutual fund products, private investment fund products, and trust products.
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