Eason Technology (NYSEAMERICAN:DXF) Shares Climb 1.1% – Still a Buy?

Eason Technology Limited – Sponsored ADR (NYSEAMERICAN:DXF) shares rose 1.1% during trading on Tuesday. The stock traded as high as $0.4850 and last traded at $0.4651. Approximately 34,257 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 673,578 shares. The stock had previously closed at $0.4602.

Eason Technology Stock Performance

The company has a 50 day simple moving average of $0.49 and a two-hundred day simple moving average of $0.60.

Institutional Trading of Eason Technology

A hedge fund recently raised its position in Eason Technology stock. SmartHarvest Portfolios LLC raised its position in shares of Eason Technology Limited – Sponsored ADR (NYSEAMERICAN:DXF) by 327.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,924 shares of the company’s stock after acquiring an additional 45,907 shares during the period. SmartHarvest Portfolios LLC owned approximately 2.06% of Eason Technology worth $49,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 0.88% of the company’s stock.

Eason Technology Company Profile

Eason Technology Limited is a China-based financial services company formerly known as Dunxin Financial Holdings Limited. The company has historically focused on microfinance activities, providing small loans and related financing services to micro, small and medium-sized businesses and individual borrowers.

Through its operating subsidiaries, Eason Technology has served customers primarily in China, with operations historically centered in Hubei Province. Its business has been oriented toward borrowers who may have limited access to conventional banking services.

The company was founded in 2013 and is based in Wuhan, China.