Puyi Inc. (NASDAQ:PUYI) traded today at a new 52-week low of $4.10. Approximately 394,000 shares have changed hands today, as compared to an average 30-day volume of 177,000 shares.
In the past 52 weeks, Puyi Inc. share prices are bracketed by a current low of $4.10 and a high of $9.11 and is now at $4.12.
Potential upside of 49.5% exists for Puyi Inc., based on a current level of $4.12 and analysts' average consensus price target of $6.16.
Puyi Inc is the third-party wealth management services provider in China. The company provides wealth management services, corporate finance services and asset management services. It generates a majority of the revenue from wealth management services under which it distributes wealth management products both online and offline through its branch network. Products distributed online include publicly raised fund products, exchange administered products and asset management plans. Products distributed offline include privately raised fund products. In addition, the company also has a corporate finance services business, under which it provides corporate borrowers with financing solutions, including product design, identification of sources of funding, compliance and risk management.
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