CNFinance (NYSE:CNF) Shares Up 1.1% – Here’s Why

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 changed hands during trading, a decline of 61% from the average session volume of 7,536 shares. The stock had previously closed at $1.89.

Analyst Upgrades and Downgrades

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

CNFinance Stock Performance

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

CNFinance (NYSE:CNF) last posted its 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 company had revenue of ($8.05) million during the quarter, compared to analysts’ expectations of $61.55 million.

About CNFinance

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.