ValuEngine Downgrades CNFinance (NYSE:CNF) to Hold

ValuEngine downgraded shares of CNFinance (NYSE:CNF) from a buy rating to a hold rating in a research note published on Tuesday morning, ValuEngine reports.

CNFinance stock opened at $4.33 on Tuesday. The stock has a market capitalization of $329.19 million, a PE ratio of 3.33 and a beta of 1.20. CNFinance has a 12 month low of $3.93 and a 12 month high of $7.00. The business has a 50 day simple moving average of $4.65 and a 200-day simple moving average of $4.91. The company has a debt-to-equity ratio of 2.26, a current ratio of 426.87 and a quick ratio of 426.87.

An institutional investor recently raised its position in CNFinance stock. Gagnon Securities LLC grew its holdings in CNFinance Holdings Ltd (NYSE:CNF) by 9.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 349,809 shares of the company’s stock after buying an additional 30,035 shares during the quarter. Gagnon Securities LLC owned 0.51% of CNFinance worth $1,399,000 as of its most recent SEC filing. Institutional investors and hedge funds own 0.78% 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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