Shares of Lufax Holding Ltd (NYSE:LU - Get Free Report) traded down 5.9% during mid-day trading on Wednesday . The company traded as low as $2.40 and last traded at $2.41. 1,659,824 shares were traded during trading, a decline of 53% from the average session volume of 3,529,491 shares. The stock had previously closed at $2.56.
Lufax Stock Performance
The business has a fifty day simple moving average of $2.88 and a 200 day simple moving average of $2.71. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of -3.09 and a beta of 0.71.
Institutional Investors Weigh In On Lufax
Hedge funds have recently made changes to their positions in the business. QRG Capital Management Inc. acquired a new stake in Lufax during the 1st quarter valued at $70,000. SG Americas Securities LLC acquired a new stake in Lufax during the 1st quarter valued at $533,000. Wellington Management Group LLP bought a new position in Lufax in the 4th quarter valued at $380,000. Public Employees Retirement System of Ohio raised its position in shares of Lufax by 16.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 491,713 shares of the company's stock valued at $1,175,000 after acquiring an additional 67,900 shares during the last quarter. Finally, Tiger Pacific Capital LP bought a new position in shares of Lufax during the 4th quarter valued at about $9,409,000. Institutional investors own 69.14% of the company's stock.
About Lufax
(
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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.
See Also
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