Lufax Holding Ltd (NYSE:LU - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $3.45, but opened at $3.27. Lufax shares last traded at $3.22, with a volume of 533,613 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Bank of America dropped their price target on Lufax from $5.22 to $2.75 and set a "neutral" rating on the stock in a research note on Friday, August 23rd.
View Our Latest Analysis on LU
Lufax Stock Down 7.7 %
The stock has a market capitalization of $1.83 billion, a PE ratio of -22.93 and a beta of 0.85. 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 business's fifty day moving average price is $2.73 and its two-hundred day moving average price is $3.24.
Lufax (NYSE:LU - Get Free Report) last announced its quarterly earnings data on Wednesday, August 21st. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.26). The firm had revenue of $822.36 million during the quarter. Lufax had a negative return on equity of 2.66% and a negative net margin of 8.70%. During the same period last year, the firm posted $0.24 EPS. On average, equities research analysts forecast that Lufax Holding Ltd will post -0.09 EPS for the current fiscal year.
Institutional Trading of Lufax
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Panagora Asset Management Inc. acquired a new stake in Lufax in the 2nd quarter worth about $26,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Lufax in the first quarter worth approximately $60,000. SIH Partners LLLP acquired a new position in Lufax in the 2nd quarter valued at $65,000. SG Americas Securities LLC purchased a new position in Lufax in the 3rd quarter valued at $66,000. Finally, PDS Planning Inc acquired a new stake in Lufax during the 1st quarter worth $78,000. Institutional investors and hedge funds 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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