CNFinance (NYSE:CNF) Stock Price Up 3.6% – Should You Buy?

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) shares traded up 3.6% on Monday . The stock traded as high as $2.30 and last traded at $2.29. 8,265 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 39,477 shares. The stock had previously closed at $2.21.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of CNFinance from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

CNFinance Stock Performance

The company has a quick ratio of 328.89, a current ratio of 772.09 and a debt-to-equity ratio of 0.96. The stock has a fifty day simple moving average of $2.70 and a 200-day simple moving average of $3.66. The company has a market capitalization of $15.71 million, a P/E ratio of 1.04 and a beta of -0.15.

Hedge Funds Weigh In On CNFinance

A hedge fund recently raised its stake in CNFinance stock. XTX Topco Ltd lifted its holdings 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 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 approximately 0.07% of CNFinance worth $32,000 at the end of the most recent reporting period.

About CNFinance

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.