Lufax (NYSE:LU - Get Free Report) issued its quarterly earnings results on Monday. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.15), Yahoo Finance reports. Lufax had a negative return on equity of 2.66% and a negative net margin of 8.70%. The business had revenue of $789.93 million for the quarter. During the same period in the prior year, the firm posted $0.04 EPS.
Lufax Stock Up 1.0 %
Shares of LU traded up $0.03 during trading hours on Tuesday, hitting $3.06. The stock had a trading volume of 2,142,303 shares, compared to its average volume of 4,191,468. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a 50 day simple moving average of $2.77 and a 200-day simple moving average of $3.20. The firm has a market capitalization of $1.76 billion, a P/E ratio of -22.86 and a beta of 0.85. Lufax has a 1-year low of $2.00 and a 1-year high of $4.94.
Wall Street Analyst Weigh In
Separately, Bank of America decreased their price target on Lufax from $5.22 to $2.75 and set a "neutral" rating for the company in a report on Friday, August 23rd.
Read Our Latest Analysis on LU
Lufax Company Profile
(
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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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