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

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) shares fell 9.1% during trading on Monday . The stock traded as low as $2.51 and last traded at $2.6550. Approximately 32,005 shares were traded during trading, a decline of 14% from the average session volume of 37,027 shares. The stock had previously closed at $2.92.

Analysts Set New Price Targets

Separately, Weiss Ratings cut CNFinance from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, CNFinance presently has an average rating of “Hold”.

CNFinance Stock Down 9.1%

The company has a market capitalization of $18.21 million, a price-to-earnings ratio of 1.21 and a beta of -0.17. The company has a current ratio of 772.09, a quick ratio of 328.89 and a debt-to-equity ratio of 0.96. The firm’s 50 day simple moving average is $2.98 and its 200-day simple moving average is $3.97.

CNFinance (NYSE:CNF) last released its earnings results on Thursday, April 30th. The company reported ($4.44) EPS for the quarter, missing the consensus estimate of $0.05 by ($4.49). The firm had revenue of $0.02 million for the quarter, compared to the consensus estimate of $67.51 million.

Institutional Investors Weigh In On CNFinance

A hedge fund recently raised its position in CNFinance stock. XTX Topco Ltd grew its holdings in shares of CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) by 318.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,079 shares of the company’s stock after purchasing 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 reporting period.

CNFinance Company Profile

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.