Eason Technology (NYSEAMERICAN:DXF) Stock Price Down 6.5% – Should You Sell?

Eason Technology Limited – Sponsored ADR (NYSEAMERICAN:DXF)’s stock price fell 6.5% during trading on Friday . The company traded as low as $0.4208 and last traded at $0.42. 287,443 shares were traded during mid-day trading, a decline of 65% from the average session volume of 815,663 shares. The stock had previously closed at $0.4491.

Eason Technology Trading Down 6.5%

The firm’s 50-day moving average price is $0.82 and its 200-day moving average price is $1.61.

Eason Technology (NYSEAMERICAN:DXF) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.42 EPS for the quarter. The company had revenue of $0.28 million during the quarter.

Hedge Funds Weigh In On Eason Technology

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

About Eason Technology

Dunxin Financial Holdings Limited, together with its subsidiaries, engages in the microfinance lending business in the People's Republic of China. It offers consumer, commercial, collateral-backed, and enterprise loans to micro sized enterprises, SMEs, sole proprietors, and individuals. The company is headquartered in Wuhan, China.