CNFinance (NYSE:CNF) Posts Earnings Results

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

CNFinance Price Performance

Shares of CNF stock opened at $2.20 on Monday. CNFinance has a 52 week low of $2.04 and a 52 week high of $6.49. The stock has a market capitalization of $15.09 million, a PE ratio of 1.00 and a beta of -0.15. The company has a debt-to-equity ratio of 0.96, a quick ratio of 328.89 and a current ratio of 772.09. The stock’s fifty day moving average is $2.48 and its 200-day moving average is $3.34.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in CNFinance stock. XTX Topco Ltd raised its stake in CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) by 318.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,079 shares of the company’s stock after acquiring an additional 37,359 shares during the quarter. XTX Topco Ltd owned about 0.07% of CNFinance worth $32,000 as of its most recent filing with the Securities and Exchange Commission.

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.