China Finance Online Co. (JRJC) Announces Earnings Results
China Finance Online Co. (NASDAQ:JRJC) posted its earnings results on Tuesday. The company reported ($0.16) earnings per share for the quarter. China Finance Online had a net margin of 27.66% and a return on equity of 18.26%. The company had revenue of $17.10 million for the quarter, compared to the consensus estimate of $37 million.
China Finance Online (NASDAQ:JRJC) opened at 4.04 on Wednesday. China Finance Online has a 1-year low of $3.66 and a 1-year high of $6.85. The stock has a 50 day moving average price of $0.00 and a 200-day moving average price of $0.00.
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Several hedge funds have recently added to or reduced their stakes in JRJC. Acadian Asset Management LLC boosted its stake in China Finance Online by 114.8% in the second quarter. Acadian Asset Management LLC now owns 935,370 shares of the company’s stock worth $4,376,000 after buying an additional 499,913 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of China Finance Online during the second quarter worth $446,000. Morgan Stanley raised its position in shares of China Finance Online by 47.5% in the third quarter. Morgan Stanley now owns 166,557 shares of the company’s stock worth $718,000 after buying an additional 53,600 shares during the last quarter. Finally, Barclays PLC raised its position in shares of China Finance Online by 2,500.0% in the second quarter. Barclays PLC now owns 28,600 shares of the company’s stock worth $134,000 after buying an additional 27,500 shares during the last quarter. Institutional investors and hedge funds own 10.17% of the company’s stock.
Separately, TheStreet lowered China Finance Online from a “buy” rating to a “hold” rating in a report on Tuesday, November 22nd.
China Finance Online Company Profile
China Finance Online Co Limited is a Web-based financial services company in China. The Company provides Chinese retail investors with online access to securities and commodities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers.
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