360 Finance (NASDAQ:QFIN) Rating Increased to Buy at ValuEngine

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ValuEngine upgraded shares of 360 Finance (NASDAQ:QFIN) from a hold rating to a buy rating in a research note issued to investors on Thursday morning, ValuEngine reports.

QFIN stock opened at $9.00 on Thursday. 360 Finance has a 1-year low of $7.76 and a 1-year high of $24.45. The business has a fifty day moving average price of $9.65 and a 200-day moving average price of $9.73. The stock has a market capitalization of $1.29 billion and a P/E ratio of 3.49.

360 Finance (NASDAQ:QFIN) last announced its quarterly earnings results on Wednesday, November 27th. The company reported $0.68 earnings per share (EPS) for the quarter. 360 Finance had a return on equity of 47.94% and a net margin of 31.86%. The firm had revenue of $361.38 million for the quarter.

A number of large investors have recently modified their holdings of the business. California Public Employees Retirement System bought a new stake in 360 Finance in the 3rd quarter worth approximately $163,000. Barclays PLC bought a new position in shares of 360 Finance during the 3rd quarter valued at about $98,000. BlackRock Inc. purchased a new position in shares of 360 Finance during the second quarter valued at about $326,000. Amundi Pioneer Asset Management Inc. purchased a new position in shares of 360 Finance during the second quarter valued at about $1,440,000. Finally, UBS Oconnor LLC bought a new stake in shares of 360 Finance in the second quarter worth about $1,481,000. 9.03% of the stock is owned by institutional investors and hedge funds.

360 Finance Company Profile

360 Finance, Inc operates a digital consumer finance platform in China. Its platform provides online consumer finance products to prime and underserved borrowers. The company was founded in 2016 and is headquartered in Shanghai, China.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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