Lufax (NYSE:LU) Shares Gap Down to $2.48

Lufax Holding Ltd (NYSE:LU)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $2.48, but opened at $2.40. Lufax shares last traded at $2.38, with a volume of 213,336 shares.

Lufax Price Performance

The company’s 50 day moving average price is $3.73 and its 200 day moving average price is $3.30. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.07.

Lufax (NYSE:LU) last posted its quarterly earnings data on Monday, April 22nd. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.28). Lufax had a negative return on equity of 0.72% and a negative net margin of 2.17%. The company had revenue of $964.47 million for the quarter. On average, equities analysts predict that Lufax Holding Ltd will post 0.21 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Lansdowne Partners UK LLP acquired a new stake in shares of Lufax in the third quarter valued at about $2,138,000. Citigroup Inc. boosted its position in Lufax by 207.8% during the third quarter. Citigroup Inc. now owns 567,150 shares of the company’s stock worth $601,000 after acquiring an additional 382,884 shares during the last quarter. Nomura Holdings Inc. boosted its position in Lufax by 2,280.1% during the fourth quarter. Nomura Holdings Inc. now owns 883,009 shares of the company’s stock worth $2,711,000 after acquiring an additional 845,909 shares during the last quarter. AI Squared Management Ltd acquired a new position in Lufax during the fourth quarter worth about $1,026,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Lufax by 25.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,242,221 shares of the company’s stock worth $4,497,000 after acquiring an additional 862,120 shares during the last quarter. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Lufax Company Profile

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.