Lufax (NYSE:LU – Get Free Report) posted 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 last year, the business posted $0.04 earnings per share.
Lufax Trading Down 4.9 %
Shares of NYSE:LU traded down $0.15 during mid-day trading on Wednesday, reaching $2.90. The stock had a trading volume of 1,306,522 shares, compared to its average volume of 4,177,394. The firm has a 50 day simple moving average of $2.77 and a two-hundred day simple moving average of $3.19. Lufax has a twelve month low of $2.00 and a twelve month high of $4.94. The firm has a market cap of $1.66 billion, a PE ratio of -20.64 and a beta of 0.85. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.08.
Wall Street Analyst Weigh In
Separately, Bank of America cut 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.
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.
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