CNFinance (NYSE:CNF) Stock Price Up 1.1% – Here’s Why

Shares of CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) were up 1.1% during mid-day trading on Thursday. The stock traded as high as $1.98 and last traded at $1.91. 2,965 shares traded hands during trading, a decline of 61% from the average session volume of 7,536 shares. The stock had previously closed at $1.89.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of CNFinance from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, September 9th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has an average rating of “Sell”.

CNFinance Trading Down 1.0%

The business’s 50 day moving average price is $2.08 and its two-hundred day moving average price is $2.69. The company has a debt-to-equity ratio of 0.95, a quick ratio of 430.62 and a current ratio of 1,057.43. The company has a market capitalization of $13.45 million, a price-to-earnings ratio of 1.40 and a beta of 0.17.

CNFinance (NYSE:CNF) last released its earnings results on Saturday, August 29th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.33). The company had revenue of ($8.05) million for the quarter, compared to analyst estimates of $61.55 million.

CNFinance Company Profile

CNFinance Holdings Limited is a China-based financial services company that facilitates home equity loans. The company connects property owners and other borrowers with financial institutions and helps support the origination and servicing of loans secured by residential or commercial real estate.

CNFinance primarily serves micro and small business owners, self-employed individuals, and other borrowers who may use home equity to obtain funding for business operations, working capital, or personal financial needs.