CNFinance (NYSE:CNF) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Friday, ValuEngine reports.

CNFinance stock opened at $3.98 on Friday. The company has a debt-to-equity ratio of 2.09, a current ratio of 324.54 and a quick ratio of 426.87. CNFinance has a 1-year low of $3.83 and a 1-year high of $7.00. The company has a market cap of $308.62 million, a PE ratio of 3.86 and a beta of 0.82. The stock’s 50 day moving average price is $4.43 and its 200 day moving average price is $4.80.

CNFinance (NYSE:CNF) last posted its quarterly earnings results on Monday, March 16th. The company reported $0.12 earnings per share for the quarter. CNFinance had a return on equity of 15.65% and a net margin of 17.20%. The firm had revenue of $52.01 million for the quarter.

A hedge fund recently raised its stake in CNFinance stock. Gagnon Securities LLC lifted its holdings in CNFinance Holdings Ltd (NYSE:CNF) by 9.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 349,809 shares of the company’s stock after buying an additional 30,035 shares during the quarter. Gagnon Securities LLC owned 0.51% of CNFinance worth $1,399,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 0.78% of the company’s stock.

About CNFinance

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 banks. The company also provides bridge loan products, which are unsecured short-term loans to pay off borrowers’ existing loans secured by real property.

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