Fanhua Inc. (FANH, Financial) experienced a sharp stock price drop of 5.35%. The stock is currently priced at $1.51 with a trading volume of 155,541 shares, yielding a turnover rate of 0.27% and a price fluctuation of 5.41%.
Latest financial results show Fanhua Inc. reported a revenue of $450 million, net income of $39.5 million, and earnings per share of $0.74. The price-to-earnings ratio stands at 3.97. Analysts have given a hold recommendation, with no buy or sell suggestions.
In the broader insurance sector, which saw a 0.17% decline overall, some stocks like American Coastal, Travelers, and Zibo Tech registered significant gains. Meanwhile, Reliance Global Group, Selectquote, and Trupanion were notably active. Selectquote, Zibo Tech, and Jingshi Insurance had the largest price swings.
Fanhua Inc. operates as an independent insurance intermediary in China, offering products through online platforms. Its main revenue comes from insurance agency services.
