Shares of CNinsure (Nasdaq:CISG) were gapping down Thursday morning with an open price 24.4% lower than Wednesday's closing price. The stock closed at $10.67 yesterday and opened today's trading at $8.07.
NEW YORK ( TheStreet) -- Shares of CNinsure (Nasdaq: CISG) were gapping down Thursday morning with an open price 24.4% lower than Wednesday's closing price. The stock closed at $10.67 Wednesday and opened today's trading at $8.07. The average volume for CNinsure has been 398,500 shares per day over the past 30 days. CNinsure has a market cap of $534.8 million and is part of the financial sector and insurance industry. Shares are down 38.3% year to date as of the close of trading on Wednesday. CNinsure Inc., together with its subsidiaries, provides insurance brokerage and agency services, and insurance claims adjusting services in the People's Republic of China. The company has a P/E ratio of 8.2, above the average insurance industry P/E ratio of 5.9 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates CNinsure as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full CNinsure Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.