CNFinance (NYSE:CNF) Posts Earnings Results, Misses Estimates By $4.49 EPS

CNFinance (NYSE:CNF) announced its earnings results on Thursday. The company reported ($4.44) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($4.49), FiscalAI reports. The company had revenue of $0.02 million for the quarter, compared to analysts’ expectations of $67.49 million.

CNFinance Trading Down 3.0%

NYSE:CNF traded down $0.08 during mid-day trading on Thursday, hitting $2.60. The stock had a trading volume of 1,350 shares, compared to its average volume of 3,299. CNFinance has a twelve month low of $2.36 and a twelve month high of $8.80. The stock has a 50-day simple moving average of $4.01 and a two-hundred day simple moving average of $4.90. The company has a market capitalization of $17.84 million, a PE ratio of 0.84 and a beta of -0.02.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of CNFinance in a research note on Wednesday, January 21st. One equities research 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 MarketBeat, the company presently has an average rating of “Hold”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in CNFinance stock. XTX Topco Ltd boosted its holdings in CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) by 318.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,079 shares of the company’s stock after purchasing an additional 37,359 shares during the quarter. XTX Topco Ltd owned about 0.07% of CNFinance worth $32,000 as of its most recent SEC filing.

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.