China Internet Nationwide Fncl Srvcs (NASDAQ:CIFS) Shares Up 6.7%

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China Internet Nationwide Fncl Srvcs Inc (NASDAQ:CIFS) shot up 6.7% on Friday . The company traded as high as $1.66 and last traded at $1.60, 197,700 shares were traded during mid-day trading. A decline of 81% from the average session volume of 1,066,400 shares. The stock had previously closed at $1.50.

Separately, ValuEngine raised China Internet Nationwide Fncl Srvcs from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd.

The business has a fifty day simple moving average of $1.77 and a 200 day simple moving average of $2.18.

An institutional investor recently raised its position in China Internet Nationwide Fncl Srvcs stock. Renaissance Technologies LLC raised its position in shares of China Internet Nationwide Fncl Srvcs Inc (NASDAQ:CIFS) by 11.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 622,875 shares of the company’s stock after acquiring an additional 62,800 shares during the quarter. Renaissance Technologies LLC owned approximately 2.83% of China Internet Nationwide Fncl Srvcs worth $1,289,000 as of its most recent SEC filing. Institutional investors own 2.90% of the company’s stock.

China Internet Nationwide Fncl Srvcs Company Profile (NASDAQ:CIFS)

China Internet Nationwide Financial Services Inc provides financial advisory services to small-to-medium sized enterprises in the People's Republic of China. The company offers commercial payment advisory services, international corporate financing advisory services, intermediary bank loan advisory services, and Internet information services.

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