AIFU (NASDAQ:AIFU) Shares Up 2.9% – What’s Next?

AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) shares rose 2.9% during trading on Thursday . The stock traded as high as $6.48 and last traded at $6.42. Approximately 6,497 shares changed hands during trading, a decline of 71% from the average daily volume of 22,344 shares. The stock had previously closed at $6.24.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of AIFU to a “hold” rating in a research report on Saturday, May 24th.

AIFU Stock Up 2.9%

The business’s fifty day moving average price is $6.28 and its 200 day moving average price is $43.03. The firm has a market capitalization of $18.59 million, a PE ratio of 8.79 and a beta of 0.53.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in AIFU stock. Acadian Asset Management LLC bought a new position in shares of AIFU Inc. – Sponsored ADR (NASDAQ:AIFU) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 868,208 shares of the company’s stock, valued at approximately $182,000. Acadian Asset Management LLC owned approximately 1.50% of AIFU at the end of the most recent quarter. Institutional investors and hedge funds own 26.72% of the company’s stock.

AIFU Company Profile

AIX, Inc engages in the provision of agency services and insurance claims adjusting services. It operates through the Insurance Agency and Claims Adjusting segments. The Insurance Agency segment includes providing agency services for insurance products and life insurance products. The Claims Adjusting segment provides pre-underwriting survey services, claims adjusting services, disposal of residual value services, loading and unloading supervision services, and consulting services.