Lufax (NYSE:LU) Trading Up 4.9%

Lufax Holding Ltd (NYSE:LU) traded up 4.9% during mid-day trading on Tuesday . The stock traded as high as $2.59 and last traded at $2.56. 775,857 shares were traded during mid-day trading, a decline of 83% from the average session volume of 4,616,840 shares. The stock had previously closed at $2.44.

Lufax Trading Up 10.2 %

The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.54 billion, a P/E ratio of -18.43, a P/E/G ratio of 0.32 and a beta of 0.84. The company’s 50 day simple moving average is $3.61 and its 200-day simple moving average is $3.28.

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

Hedge Funds Weigh In On Lufax

Institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC purchased a new position in Lufax during the first quarter valued at approximately $60,000. PFG Investments LLC purchased a new position in Lufax in the first quarter worth $76,000. PDS Planning Inc purchased a new position in Lufax in the first quarter worth $78,000. Diversified Trust Co purchased a new position in Lufax in the first quarter worth $92,000. Finally, DGS Capital Management LLC purchased a new position in Lufax in the first quarter worth $111,000. 69.14% of the stock is owned by hedge funds and other institutional investors.

About Lufax

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.