ZBAO Technology (ZBAO, Financial) experienced a significant stock fluctuation, seeing a rapid decline of 6.74% in its share price. Currently, the stock is priced at $3.60 per share, with a trading volume of 886 shares and no significant change in turnover rate or amplitude.
The latest financial reports indicate that ZBAO achieved revenue of $11.64 million, but reported a net loss of $1.18 million, equating to earnings per share of -$0.04. The company has yet to provide gross profit data, resulting in a negative price-to-earnings ratio of -13.97. There are currently no institutional ratings recommending a buy, hold, or sell for this stock.
Within the insurance industry, where ZBAO operates, a modest overall increase of 0.05% was observed. Some notable movers in the sector include Oxbridge Re Holdings, Citizens Insurance, and Trupanion, Inc. showing significant gains. Meanwhile, companies like Fanhua Holdings Group, HCI Group, and Wanquan Insurance have shown high trading activity, with turnover rates of 3.36%, 2.18%, and 1.81%, respectively. Stocks such as Fanhua Holdings Group, Citizens Insurance, and Abacus Life Inc have shown considerable amplitude.
ZBAO Technology is a leading insurance technology company in China, specializing in digital insurance brokerage services. It pioneered the 2B2C digital embedded insurance model, providing tailored digital insurance solutions to a broad array of B-channel partners, including internet platforms, large enterprises, and government agencies, while offering digital brokerage services to individual customers.
