CNFinance (NYSE:CNF) Stock Price Down 6.5% – Should You Sell?

by · The Markets Daily

CNFinance Holdings Limited (NYSE:CNF – Get Free Report)’s stock price was down 6.5% during trading on Monday . The company traded as low as $0.86 and last traded at $0.86. Approximately 51,376 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 62,363 shares. The stock had previously closed at $0.92.

CNFinance Trading Down 6.5 %

The firm has a market cap of $58.98 million, a price-to-earnings ratio of 2.77 and a beta of -0.03. The company has a debt-to-equity ratio of 2.35, a quick ratio of 679.18 and a current ratio of 874.07. The company has a 50 day moving average price of $1.10 and a 200 day moving average price of $1.22.

CNFinance Company Profile

(Get Free Report)

CNFinance Holdings Limited, through its subsidiaries, provides home equity loan services in the People's Republic of China. It offers micro credit loan services for micro and small-enterprise owners; and loan lending agency services for financial institutions. The company provides bridge loan products, which are unsecured short-term loans to pay off borrowers' existing loans secured by real property.

See Also