CNFinance (NYSE:CNF) Stock Price Up 1.1% – Still a Buy?

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF)’s stock price traded up 1.1% during mid-day trading on Thursday. The stock traded as high as $1.98 and last traded at $1.91. Approximately 2,965 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 7,536 shares. The stock had previously closed at $1.89.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded CNFinance from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, September 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

CNFinance Stock Up 1.1%

The company has a debt-to-equity ratio of 0.95, a current ratio of 1,057.43 and a quick ratio of 430.62. The company has a market capitalization of $13.10 million, a price-to-earnings ratio of 0.87 and a beta of 0.17. The firm’s 50-day simple moving average is $2.08 and its two-hundred day simple moving average is $2.70.

CNFinance (NYSE:CNF) last posted its quarterly earnings results on Saturday, August 29th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.33). The firm had revenue of ($8.05) million for the quarter, compared to the consensus estimate of $61.55 million.

CNFinance Company Profile

CNFinance Holdings Limited is a China-based financial services company that facilitates home equity loans. The company connects property owners and other borrowers with financial institutions and helps support the origination and servicing of loans secured by residential or commercial real estate.

CNFinance primarily serves micro and small business owners, self-employed individuals, and other borrowers who may use home equity to obtain funding for business operations, working capital, or personal financial needs.