CNFinance (NYSE:CNF) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Monday, ValuEngine reports.

Shares of NYSE:CNF opened at $4.05 on Monday. The business’s 50 day simple moving average is $4.58 and its two-hundred day simple moving average is $4.86. The firm has a market cap of $272.87 million, a P/E ratio of 3.12 and a beta of 0.81. The company has a debt-to-equity ratio of 2.26, a quick ratio of 426.87 and a current ratio of 426.87. CNFinance has a 52-week low of $3.93 and a 52-week high of $7.00.

A hedge fund recently raised its stake in CNFinance stock. Gagnon Securities LLC raised its stake in CNFinance Holdings Ltd (NYSE:CNF) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 349,809 shares of the company’s stock after purchasing 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 filing with the Securities & Exchange Commission. 0.78% of the stock is currently owned by hedge funds and other institutional investors.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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