Lufax (NYSE:LU - Get Free Report)'s stock had its "sell (d)" rating reiterated by stock analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.
Separately, Wall Street Zen raised Lufax from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Sell" and a consensus target price of $3.20.
Check Out Our Latest Analysis on Lufax
Lufax Stock Performance
NYSE LU opened at $4.01 on Wednesday. The business has a 50 day simple moving average of $3.19 and a 200 day simple moving average of $2.95. Lufax has a 52-week low of $2.22 and a 52-week high of $4.57. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of -5.21 and a beta of 0.76.
Institutional Investors Weigh In On Lufax
Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Lufax during the 2nd quarter worth approximately $28,000. May Hill Capital LLC bought a new stake in shares of Lufax during the 2nd quarter worth approximately $34,000. Hudson Bay Capital Management LP bought a new stake in shares of Lufax during the 2nd quarter worth approximately $58,000. QRG Capital Management Inc. bought a new stake in shares of Lufax during the 1st quarter worth approximately $70,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Lufax by 44.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,017 shares of the company's stock valued at $71,000 after acquiring an additional 7,417 shares during the period. Institutional investors own 69.14% of the company's stock.
Lufax Company Profile
(
Get Free Report)
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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