China Finance Online (NASDAQ:JRJC) Share Price Crosses Above 200-Day Moving Average of $1.05

China Finance Online Co. (NASDAQ:JRJC)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.05 and traded as high as $0.81. China Finance Online shares last traded at $0.81, with a volume of 200 shares changing hands.

The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $0.77 and its two-hundred day simple moving average is $1.05.

China Finance Online (NASDAQ:JRJC) last issued its quarterly earnings results on Wednesday, June 26th. The financial services provider reported ($0.12) earnings per share for the quarter. China Finance Online had a negative net margin of 41.79% and a negative return on equity of 59.93%. The company had revenue of $9.86 million during the quarter.

An institutional investor recently raised its position in China Finance Online stock. Morgan Stanley raised its stake in China Finance Online Co. (NASDAQ:JRJC) by 8.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 691,542 shares of the financial services provider’s stock after purchasing an additional 56,034 shares during the period. Morgan Stanley owned approximately 2.93% of China Finance Online worth $627,000 as of its most recent SEC filing.

China Finance Online Company Profile (NASDAQ:JRJC)

China Finance Online Co Limited provides Web-based financial services in the People's Republic of China and Hong Kong. The company operates through three segments: Commodities Brokerage Services; Online Financial Information and Advisory Service, and Other Related Services; and Hong Kong Brokerage Services.

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