CNFinance (NYSE:CNF) Releases Earnings Results, Misses Estimates By $0.33 EPS

CNFinance (NYSE:CNF) announced its quarterly earnings data 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 the consensus estimate of $61.55 million.

CNFinance Stock Performance

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

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 analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Institutional Inflows and Outflows

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

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.