CNFinance (NYSE:CNF – Get Free Report) issued its earnings results on Saturday. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.33), FiscalAI reports. The firm had revenue of ($8.05) million for the quarter, compared to analysts’ expectations of $61.55 million.
CNFinance Stock Performance
Shares of CNFinance stock opened at $2.20 on Monday. The firm’s 50-day moving average price is $2.48 and its 200 day moving average price is $3.34. CNFinance has a twelve month low of $2.04 and a twelve month high of $6.49. The firm has a market capitalization of $15.09 million, a PE ratio of 1.00 and a beta of -0.15. The company has a current ratio of 772.09, a quick ratio of 328.89 and a debt-to-equity ratio of 0.96.
Analyst Ratings Changes
Separately, Weiss Ratings raised shares of CNFinance from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Hedge Funds Weigh In On CNFinance
An institutional investor recently raised its position in CNFinance stock. XTX Topco Ltd boosted its holdings in shares of CNFinance Holdings Limited Sponsored ADR (NYSE:CNF – Free Report) by 318.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,079 shares of the company’s stock after acquiring an additional 37,359 shares during the quarter. XTX Topco Ltd owned about 0.07% of CNFinance worth $32,000 at the end of the most recent quarter.
About CNFinance
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.
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