Lufax (NYSE:LU) Shares Gap Down to $2.48

Lufax Holding Ltd (NYSE:LU)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $2.48, but opened at $2.40. Lufax shares last traded at $2.38, with a volume of 213,336 shares.

Lufax Price Performance

The company’s 50 day moving average price is $3.65 and its 200 day moving average price is $3.29. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.07.

Lufax (NYSE:LU) last posted its quarterly earnings data on Monday, April 22nd. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.28). Lufax had a negative return on equity of 0.72% and a negative net margin of 2.17%. The company had revenue of $964.47 million for the quarter. On average, equities analysts predict that Lufax Holding Ltd will post 0.21 EPS for the current year.

Institutional Investors Weigh In On Lufax

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Baillie Gifford & Co. lifted its stake in shares of Lufax by 98.9% during the first quarter. Baillie Gifford & Co. now owns 12,089,786 shares of the company’s stock worth $51,019,000 after buying an additional 6,012,562 shares during the period. Yunqi Capital Ltd lifted its position in Lufax by 39.4% during the first quarter. Yunqi Capital Ltd now owns 7,092,640 shares of the company’s stock valued at $29,931,000 after purchasing an additional 2,002,873 shares during the period. Wellington Management Group LLP lifted its position in Lufax by 5.4% during the third quarter. Wellington Management Group LLP now owns 4,481,980 shares of the company’s stock valued at $4,751,000 after purchasing an additional 230,191 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Lufax by 25.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,242,221 shares of the company’s stock valued at $4,497,000 after purchasing an additional 862,120 shares during the period. Finally, Acadian Asset Management LLC lifted its position in Lufax by 5,000.2% during the first quarter. Acadian Asset Management LLC now owns 3,036,225 shares of the company’s stock valued at $12,798,000 after purchasing an additional 2,976,693 shares during the period. 69.14% of the stock is currently owned by institutional investors and hedge funds.

About Lufax

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.