Shares of Lufax Holding Ltd (NYSE:LU - Get Free Report) rose 5.3% on Tuesday . The stock traded as high as $3.23 and last traded at $3.19. Approximately 961,523 shares changed hands during trading, a decline of 77% from the average daily volume of 4,184,902 shares. The stock had previously closed at $3.03.
Wall Street Analysts Forecast Growth
Separately, Bank of America dropped their target price on Lufax from $5.22 to $2.75 and set a "neutral" rating for the company in a report on Friday, August 23rd.
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Lufax Trading Up 1.0 %
The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market cap of $1.76 billion, a P/E ratio of -21.86 and a beta of 0.85. The stock has a 50-day moving average of $2.77 and a two-hundred day moving average of $3.19.
Lufax (NYSE:LU - Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.15). Lufax had a negative net margin of 8.70% and a negative return on equity of 2.66%. The company had revenue of $789.93 million for the quarter. During the same period in the previous year, the business posted $0.04 earnings per share. On average, equities research analysts predict that Lufax Holding Ltd will post -0.09 earnings per share for the current year.
Institutional Trading of Lufax
Several institutional investors have recently added to or reduced their stakes in LU. SG Americas Securities LLC purchased a new position in shares of Lufax in the 3rd quarter worth $66,000. Maven Securities LTD boosted its stake in shares of Lufax by 350.0% in the 2nd quarter. Maven Securities LTD now owns 180,000 shares of the company's stock worth $427,000 after buying an additional 140,000 shares during the last quarter. SIH Partners LLLP purchased a new position in shares of Lufax in the 2nd quarter worth $65,000. AQR Capital Management LLC purchased a new position in shares of Lufax in the 2nd quarter worth $1,114,000. Finally, Caxton Associates LP purchased a new position in shares of Lufax in the 2nd quarter worth $2,152,000. 69.14% of the stock is currently owned by hedge funds and other institutional investors.
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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