LU stock experienced significant volatility, with a rapid price increase of 5.01%. The stock is currently trading at $3.67 per share with a trading volume of 4.54 million shares, a turnover rate of 0.52%, and a volatility of 7.02%.
Recent financial reports reveal that LU achieved a revenue of $786 million, a net loss of $109 million, and an earnings per share of -$0.19. The company's price-to-earnings ratio stands at -6.29. Among the 9 institutions that rated the stock, 33% recommend buying, 56% recommend holding, and 11% suggest selling.
In the credit services sector, where LU operates, the overall market saw a 0.65% increase. Notable stocks in this sector include Yiren Digital, LexinFintech, and Xiaoying Technology, with significant price increases. LexinFintech, Upstart Holdings, and SoFi Technologies were particularly active, with substantial turnover rates. LexinFintech, Yiren Digital, and Pintech showed the highest volatility within the sector.
LU Holiding Co., Ltd. is a tech-driven personal financial services platform in China, catering to small business owners and salary earners with unmet personal loan needs. It also offers wealth management solutions for the middle class and affluent individuals in China through its retail credit facilitation center and wealth management center.
