Lufax (NYSE:LU) trading up 14%

The share price of Lufax Holding Ltd (NYSE:LU – Get Free Report ) rose 14% on Thursday. The stock traded as high as $2.79 and last traded at $2.77. About 2,495,563 shares were traded during trading, down 39% from the average daily volume of 4,089,042 shares. Shares previously closed at $2.43.

Changes in Analyst Ratings

Separately, Bank of America cut their price objective on shares of Lufax from $5.22 to $2.75 and set a “neutral” rating on the stock in a research note on Friday, August 23rd.

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Lufax stock up 14.4%

The company has a market cap of $1.59 billion, a price-to-earnings ratio of -19.64 and a beta of 0.82. The company’s 50-day moving average price is $2.52, and its two-hundred-day moving average price is $3.25. The company has a current ratio of 1.63, a quick ratio of 1.63, and a debt-to-equity ratio of 0.08.

Lufax (NYSE:LU – Get Free Report ) last issued its quarterly earnings data on Wednesday, August 21st. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.26). Lufax had a negative return on equity of 2.66% and a negative net margin of 8.70%. The firm had revenue of $822.36 million for the quarter. In the same quarter last year, the company earned $0.24 EPS. sell-side analysts anticipate that Lufax Holding Ltd will post -0.09 earnings per share for the current fiscal year.

Institutional inputs and outputs

Several large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. purchased a new position in shares of Lufax in the first quarter worth about $2,649,000. Nomura Holdings Inc. raised its position in shares of 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 purchasing an additional 845,909 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Lufax by 5,000.2% in the first quarter. Acadian Asset Management LLC now owns 3,036,225 shares of the company’s stock worth $12,798,000 after buying an additional 2,976,693 shares during the last quarter. Baillie Gifford & Co. raised its position in shares of Lufax by 98.9% in the first quarter. Baillie Gifford & Co. now owns 12,089,786 shares of the company’s stock worth $51,019,000 after purchasing an additional 6,012,562 shares in the last quarter. Finally, Sei Investments Co. acquired a new position in shares of Lufax in the first quarter worth about $797,000. 69.14% of shares are owned by institutional investors.

Lufax Company Profile

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Lufax Holding Ltd operates as an enabling institution of financial services for small and micro enterprises in China. The company offers loan products, including unsecured general loans and secured loans, as well as consumer finance loans. It also offers wealth management products such as asset management plans, mutual fund products, private investment fund products and trust products.

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