Puyi Inc ADR Up 5.92% To $6.80 After Earnings

Puyi Inc ADR (PUYI) said after close Monday that it lost $0.076 per share in FALSE 2023. The company reported $9.9 million in revenue

In the same quarter a year ago, the company lost $0.102 per share on revenue of $15.9 million.

The stock is up 5.92% to $6.80 after the report.

Puyi Inc ADR's revenues declined at a faster pace than earnings.

Trading in the five days leading up to the report earned Puyi Inc ADR a Neutral Sentiment Rank from InvestorsObserver.

Puyi Inc ADR has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 0, putting Puyi Inc ADR in the bottom 25% of stocks. The firm was recently trading at a 52-week high of $9.63 on March 1, 2023 and set a 52-week low on April 28, 2022 at $4.1.

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.