Lufax (NYSE:LU) Reaches New 1-Year Low - Here's Why

Key Points

• Lufax shares hit a new 52-week low, trading as low as $7.66, below the prior close of $7.88.
• The company reported quarterly EPS of -$0.27 and revenue of $921.68 million, both below analyst estimates cited in the article.
• Analyst views are mixed, but the consensus rating is Hold, with an average price target of $17.00.

Lufax Holding Ltd. Sponsored ADR (NYSE:LU - Get Free Report)'s share price hit a new 52-week low on Tuesday. The stock traded as low as $7.66 and last traded at $7.7950, with a volume of 28,845 shares. The stock had previously closed at $7.88.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Lufax in a research report on Thursday, August 13th. Zacks Research raised Lufax from a "strong sell" rating to a "hold" rating in a report on Monday, September 28th. JPMorgan Chase & Co. upgraded Lufax from a "neutral" rating to an "overweight" rating and set a $20.00 price target on the stock in a research report on Tuesday, July 28th. Wall Street Zen cut Lufax from a "sell" rating to a "strong sell" rating in a research note on Saturday. Finally, Deutsche Bank Aktiengesellschaft set a $14.00 price target on Lufax and gave the company a "hold" rating in a research note on Thursday, August 27th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $17.00.

Lufax Price Performance

The business's 50 day moving average is $10.41 and its two-hundred day moving average is $16.67. The firm has a market cap of $647.86 million, a P/E ratio of -1.24 and a beta of 0.80. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.08.

Lufax (NYSE:LU - Get Free Report) last released its earnings results on Wednesday, October 28th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of $10.81 by ($11.08). The company had revenue of $921.68 million for the quarter, compared to analyst estimates of $2.22 billion. As a group, analysts anticipate that Lufax Holding Ltd. Sponsored ADR will post -1.44 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in LU. Barometer Capital Management Inc. boosted its position in shares of Lufax by 7,538.6% during the 1st quarter. Barometer Capital Management Inc. now owns 534,700 shares of the company's stock valued at $1,000,000 after purchasing an additional 527,700 shares in the last quarter. California Public Employees Retirement System increased its holdings in Lufax by 2.4% in the first quarter. California Public Employees Retirement System now owns 329,089 shares of the company's stock worth $615,000 after purchasing an additional 7,608 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Lufax by 4.7% in the first quarter. Bank of New York Mellon Corp now owns 318,365 shares of the company's stock valued at $595,000 after buying an additional 14,224 shares during the period. Public Employees Retirement System of Ohio lifted its stake in Lufax by 2.8% in the first quarter. Public Employees Retirement System of Ohio now owns 246,500 shares of the company's stock valued at $461,000 after buying an additional 6,600 shares during the period. Finally, Ramsey Quantitative Systems acquired a new position in Lufax in the second quarter valued at approximately $199,000. 69.14% of the stock is owned by institutional investors and hedge funds.

Lufax Company Profile

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