CNFinance (NYSE:CNF) Issues Earnings Results

CNFinance (NYSE:CNF) issued its quarterly earnings results on Saturday. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.33), FiscalAI reports. The firm had revenue of ($8.05) million during the quarter, compared to analysts’ expectations of $61.55 million.

CNFinance Stock Performance

CNFinance stock opened at $2.20 on Monday. The company has a debt-to-equity ratio of 0.96, a current ratio of 772.09 and a quick ratio of 328.89. The firm has a market capitalization of $15.09 million, a P/E ratio of 1.00 and a beta of -0.15. CNFinance has a 1-year low of $2.04 and a 1-year high of $6.49. The company’s 50-day moving average is $2.48 and its 200 day moving average is $3.34.

Hedge Funds Weigh In On CNFinance

An institutional investor recently raised its position in CNFinance stock. XTX Topco Ltd increased its stake in CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) by 318.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,079 shares of the company’s stock after buying an additional 37,359 shares during the period. XTX Topco Ltd owned 0.07% of CNFinance worth $32,000 as of its most recent SEC filing.

Analyst Ratings Changes

Separately, Weiss Ratings raised CNFinance from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, August 25th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

CNFinance Company Profile

CNFinance Holdings Limited (NYSE: CNF) is a China-based holding company specializing in internet-based financial services for consumers and small- and medium-sized enterprises (SMEs). Through its subsidiaries, CNFinance develops and operates an online marketplace that connects individual and corporate borrowers with institutional and private capital providers. The company’s platform leverages technology to streamline the loan application process, enabling efficient access to credit in a traditionally underserved segment of the Chinese financial market.

The company’s core offerings include unsecured consumer loans, SME working capital financing, supply chain financing solutions and wealth management products.