China Internet Nationwide Fncl Srvcs (CIFS) Shares Down 44.3%

China Internet Nationwide Fncl Srvcs Inc (NASDAQ:CIFS) shares dropped 44.3% during trading on Thursday . The stock traded as low as $2.45 and last traded at $3.02. Approximately 1,856,576 shares traded hands during mid-day trading, an increase of 1,373% from the average daily volume of 126,023 shares. The stock had previously closed at $5.42.

Separately, BidaskClub downgraded shares of China Internet Nationwide Fncl Srvcs from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 22nd.

A hedge fund recently bought a new stake in China Internet Nationwide Fncl Srvcs stock. Barclays PLC bought a new position in China Internet Nationwide Fncl Srvcs Inc (NASDAQ:CIFS) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 3,300 shares of the company’s stock, valued at approximately $106,000. 0.61% of the stock is owned by institutional investors.

About China Internet Nationwide Fncl Srvcs (NASDAQ:CIFS)

China Internet Nationwide Financial Services Inc provides financial advisory services to small-to-medium sized enterprises in the People's Republic of China. The company offers commercial payment advisory services, international corporate financing advisory services, intermediary bank loan advisory services, and Internet information services.

Read More: Price to Earnings Ratio (PE)

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