Lufax Holding Ltd (NYSE:LU - Get Free Report)'s stock price traded down 7.4% on Tuesday . The company traded as low as $2.28 and last traded at $2.31. 1,363,378 shares traded hands during trading, a decline of 51% from the average session volume of 2,778,317 shares. The stock had previously closed at $2.49.
Analyst Ratings Changes
Separately, Jefferies Financial Group reiterated a "hold" rating and set a $3.20 target price on shares of Lufax in a research report on Thursday, October 24th.
Check Out Our Latest Report on Lufax
Lufax Stock Down 7.0 %
The company has a market cap of $2.01 billion, a PE ratio of -3.01, a price-to-earnings-growth ratio of 0.99 and a beta of 0.84. The firm has a 50 day simple moving average of $2.49 and a 200-day simple moving average of $2.65.
Hedge Funds Weigh In On Lufax
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LU. EWA LLC purchased a new stake in Lufax in the 3rd quarter worth approximately $45,000. Soltis Investment Advisors LLC acquired a new stake in shares of Lufax in the third quarter valued at about $52,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Lufax by 102.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,600 shares of the company's stock valued at $40,000 after acquiring an additional 8,382 shares in the last quarter. SG Americas Securities LLC acquired a new position in Lufax in the 3rd quarter valued at $66,000. Finally, Quantbot Technologies LP purchased a new position in Lufax in the 3rd quarter valued at $143,000. Hedge funds and other institutional investors own 69.14% of the company's stock.
Lufax Company Profile
(
Get Free Report)
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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