Revenue Update on CNinsure (ADR)(NASDAQ:CISG)

CNinsure (ADR)(NASDAQ:CISG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 18, 2016. Earnings per share were $0.08.

CNinsure (ADR) (CISG) made into the market gainers list on Mondays trading session with the shares advancing 0.12% or 0.01 points. Due to strong positive momentum, the stock ended at $8.03, which is also near the day’s high of $8.16. The stock began the session at $7.96 and the volume stood at 67,803 shares. The 52-week high of the shares is $10.4 and the 52 week low is $6.19. The company has a current market capitalization of $464 M and it has 5,77,52,976 shares in outstanding.

CNinsure Inc. (CNinsure) is an independent online-to-offline financial services provider in China. The Company through its online platforms and offline sales and service network distributes property casualty and life insurance products underwritten by domestic and foreign insurance companies operating in China and provides insurance claims adjusting services. The Company operates through three business segments: insurance agency insurance brokerage and claims adjusting. The insurance agency segment provides a range of property and casualty and life insurance products to individual customers. The insurance brokerage segment primarily provides commercial lines of property and casualty insurance group life insurance programs and risk management consulting services to businesses and reinsurance brokerage services to insurance companies. The claims adjusting segment provides claims adjusting services to insurance companies that choose to outsource some or all of their claims functions.

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