CNFinance (NYSE:CNF) Trading Down 9.1% – Time to Sell?

CNFinance Holdings Limited Sponsored ADR (NYSE:CNFGet Free Report) dropped 9.1% during trading on Monday . The company traded as low as $2.51 and last traded at $2.6550. Approximately 32,005 shares were traded during mid-day trading, a decline of 14% from the average daily volume of 37,027 shares. The stock had previously closed at $2.92.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of CNFinance from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

View Our Latest Report on CNFinance

CNFinance Stock Performance

The company has a debt-to-equity ratio of 0.96, a current ratio of 772.09 and a quick ratio of 328.89. The stock has a 50 day simple moving average of $2.98 and a two-hundred day simple moving average of $3.97. The company has a market cap of $18.21 million, a PE ratio of 1.21 and a beta of -0.17.

CNFinance (NYSE:CNFGet Free Report) last announced its earnings results on Thursday, April 30th. The company reported ($4.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($4.49). The firm had revenue of $0.02 million for the quarter, compared to analyst estimates of $67.51 million.

Institutional Inflows and Outflows

An institutional investor recently raised its position in CNFinance stock. XTX Topco Ltd lifted its holdings in shares of CNFinance Holdings Limited Sponsored ADR (NYSE:CNFFree Report) by 318.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,079 shares of the company’s stock after buying an additional 37,359 shares during the period. XTX Topco Ltd owned approximately 0.07% of CNFinance worth $32,000 at the end of the most recent quarter.

CNFinance Company Profile

(Get Free Report)

CNFinance Holdings Limited (NYSE: CNF) is a China-based holding company specializing in internet-based financial services for consumers and small- and medium-sized enterprises (SMEs). Through its subsidiaries, CNFinance develops and operates an online marketplace that connects individual and corporate borrowers with institutional and private capital providers. The company’s platform leverages technology to streamline the loan application process, enabling efficient access to credit in a traditionally underserved segment of the Chinese financial market.

The company’s core offerings include unsecured consumer loans, SME working capital financing, supply chain financing solutions and wealth management products.

Further Reading

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