CNFinance (NYSE:CNF) Downgraded by ValuEngine

ValuEngine cut shares of CNFinance (NYSE:CNF) from a hold rating to a sell rating in a research report report published on Wednesday, ValuEngine reports.

Shares of CNF stock traded up $0.16 during trading hours on Wednesday, reaching $5.60. 6,352 shares of the company were exchanged, compared to its average volume of 8,912. CNFinance has a fifty-two week low of $4.29 and a fifty-two week high of $7.74. The stock’s fifty day moving average is $5.13 and its two-hundred day moving average is $5.63. The company has a market cap of $384.06 million and a price-to-earnings ratio of 3.88. The company has a debt-to-equity ratio of 3.20, a current ratio of 571.17 and a quick ratio of 571.17.

CNFinance (NYSE:CNF) last announced its earnings results on Tuesday, August 20th. The company reported $0.31 earnings per share (EPS) for the quarter. CNFinance had a net margin of 18.53% and a return on equity of 22.19%. The company had revenue of $67.14 million for the quarter.

An institutional investor recently raised its position in CNFinance stock. Gagnon Securities LLC lifted its stake in shares of CNFinance Holdings Ltd (NYSE:CNF) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 320,991 shares of the company’s stock after purchasing an additional 3,172 shares during the period. Gagnon Securities LLC owned approximately 0.47% of CNFinance worth $1,903,000 at the end of the most recent reporting period. Institutional investors own 0.74% of the company’s stock.

CNFinance Company Profile

CNFinance Holdings Limited, through its subsidiaries, provides home equity loan services in the People's Republic of China. It offers micro credit loan services for micro and small-enterprise owners, and loan lending agency services for banks. The company also provides bridge loan products, which are unsecured short-term loans to pay off borrowers' existing loans secured by real property.

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