CNFinance (NYSE:CNF) Issues Earnings Results, Misses Estimates By $4.49 EPS

CNFinance (NYSE:CNF) released its quarterly earnings results on Thursday. The company reported ($4.44) EPS for the quarter, missing the consensus estimate of $0.05 by ($4.49), FiscalAI reports. The business had revenue of $0.02 million during the quarter, compared to the consensus estimate of $67.49 million.

CNFinance Price Performance

Shares of CNF stock traded down $0.08 during trading hours on Thursday, reaching $2.60. 1,350 shares of the company’s stock were exchanged, compared to its average volume of 3,299. The company’s 50 day moving average is $4.01 and its two-hundred day moving average is $4.90. The company has a market cap of $17.84 million, a P/E ratio of 0.84 and a beta of -0.02. CNFinance has a 1 year low of $2.36 and a 1 year high of $8.80.

Institutional Inflows and Outflows

An institutional investor recently raised its position in CNFinance stock. XTX Topco Ltd boosted its position in CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) by 318.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,079 shares of the company’s stock after purchasing an additional 37,359 shares during the period. XTX Topco Ltd owned about 0.07% of CNFinance worth $32,000 as of its most recent SEC filing.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of CNFinance in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

About CNFinance

CNFinance Holdings Limited (NYSE: CNF) is a China-based holding company specializing in internet-based financial services for consumers and small- and medium-sized enterprises (SMEs). Through its subsidiaries, CNFinance develops and operates an online marketplace that connects individual and corporate borrowers with institutional and private capital providers. The company’s platform leverages technology to streamline the loan application process, enabling efficient access to credit in a traditionally underserved segment of the Chinese financial market.

The company’s core offerings include unsecured consumer loans, SME working capital financing, supply chain financing solutions and wealth management products.