China Internet Nationwide (CIFS) Downgraded by BidaskClub to Strong Sell

China Internet Nationwide (NASDAQ:CIFS) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Saturday.

Shares of NASDAQ CIFS opened at $29.20 on Friday. China Internet Nationwide has a 1 year low of $10.81 and a 1 year high of $66.10.

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A number of hedge funds and other institutional investors have recently modified their holdings of CIFS. BlackRock Inc. bought a new position in China Internet Nationwide in the 4th quarter valued at approximately $5,624,000. Citadel Advisors LLC bought a new position in China Internet Nationwide in the 4th quarter valued at approximately $211,000. Geode Capital Management LLC bought a new position in China Internet Nationwide in the 4th quarter valued at approximately $371,000. Jefferies Group LLC bought a new position in China Internet Nationwide in the 4th quarter valued at approximately $1,490,000. Finally, Two Sigma Investments LP bought a new position in China Internet Nationwide in the 4th quarter valued at approximately $432,000. Institutional investors and hedge funds own 1.24% of the company’s stock.

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China Internet Nationwide Company Profile

China Internet Nationwide Financial Services Inc provides financial advisory services to meet the financial and capital needs of small-to-medium sized enterprises in the People's Republic of China. The company, through its subsidiaries, offers commercial payment, international corporate financing, and intermediary bank loan advisory services, as well as entrusted/direct loans.

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