China Internet Nationwide Fncl Srvcs (CIFS) Upgraded to Hold at BidaskClub

China Internet Nationwide Fncl Srvcs (NASDAQ:CIFS) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Monday, February 5th.

China Internet Nationwide Fncl Srvcs (NASDAQ CIFS) traded down $1.63 on Monday, hitting $43.43. 114,211 shares of the stock traded hands, compared to its average volume of 181,324. China Internet Nationwide Fncl Srvcs has a 12-month low of $10.81 and a 12-month high of $66.10.

China Internet Nationwide Fncl Srvcs (NASDAQ:CIFS) last posted its quarterly earnings data on Thursday, November 30th. The company reported $0.23 earnings per share (EPS) for the quarter.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in China Internet Nationwide Fncl Srvcs in the 4th quarter worth approximately $5,624,000. Jefferies Group LLC acquired a new stake in shares of China Internet Nationwide Fncl Srvcs during the 4th quarter worth approximately $1,490,000. Two Sigma Investments LP acquired a new stake in shares of China Internet Nationwide Fncl Srvcs during the 4th quarter worth approximately $432,000. Geode Capital Management LLC acquired a new stake in shares of China Internet Nationwide Fncl Srvcs during the 4th quarter worth approximately $371,000. Finally, Citadel Advisors LLC acquired a new stake in shares of China Internet Nationwide Fncl Srvcs during the 4th quarter worth approximately $211,000. Institutional investors own 0.74% of the company’s stock.

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About China Internet Nationwide Fncl Srvcs

China Internet Nationwide Financial Services Inc is a holding company. The Company is engaged in the business of providing financial advisory services small-to-medium sized enterprises (SMEs). The Company, through its subsidiaries offers commercial payment advisory services, international corporate financing advisory services and intermediary bank loan advisory services.

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