Shares of Puyi Inc. (NASDAQ:PUYI) traded today at $3.95, breaking its 52-week low. This new low was reached on above average trading volume as 394,000 shares traded hands, while the average 30-day volume is approximately 182,000 shares.
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.
Potential upside of 46.0% exists for Puyi Inc., based on a current level of $3.95 and analysts' average consensus price target of $5.77.
In the past 52 weeks, Puyi Inc. share prices are bracketed by a current low of $3.95 and a high of $9.11 and is now at $3.95.
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