9F Inc. (NYSE:JFU)’s share price dropped 3.5% on Friday . The stock traded as low as $9.17 and last traded at $9.17, approximately 100 shares changed hands during trading. A decline of 100% from the average daily volume of 21,336 shares. The stock had previously closed at $9.50.
Separately, Credit Suisse Group initiated coverage on 9F in a research note on Tuesday, October 8th. They set a “neutral” rating and a $11.62 target price on the stock.
The business’s 50 day simple moving average is $9.57.
A hedge fund recently bought a new stake in 9F stock. Millennium Management LLC bought a new stake in shares of 9F Inc. (NYSE:JFU) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 51,685 shares of the company’s stock, valued at approximately $576,000.
About 9F (NYSE:JFU)
9F Inc operates an online consumer finance platform that integrates and personalizes financial services in the People's Republic of China. It offers digital financial accounts; revolving and non-revolving loan products to borrowers, as well as traffic referral services to institutional funding partners; and a suite of online wealth management products, such as fixed income products, stocks, insurance, and mutual funds to investors in various platforms, including Wukong Licai, 9F Wallet, and 9F Puhui.
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