9F (NASDAQ:JFU) Stock Price Up 5.3% – Here’s Why

Shares of 9F Inc. Sponsored ADR (NASDAQ:JFU) traded up 5.3% during trading on Wednesday . The company traded as high as $3.12 and last traded at $2.99. Approximately 12,367 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 405,957 shares. The stock had previously closed at $2.84.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of 9F in a report on Friday, August 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

9F Stock Up 5.3%

The business has a 50 day simple moving average of $2.46 and a 200-day simple moving average of $3.23.

9F Company Profile

9F Inc (NASDAQ: JFU) is a China-based financial technology company that provides a suite of online financial services aimed at individual and institutional investors. Leveraging proprietary risk management and data analytics capabilities, the company primarily engages in asset management, consumer finance, and supply chain finance. Its technology-driven platform enables users to access diversified investment products, manage credit risk, and participate in secondary market trading through an integrated digital interface.

The company’s product offerings include online wealth management solutions, microloans, small- and medium-enterprise (SME) financing, and credit management services.