China Finance Online Co. (NASDAQ:JRJC) was downgraded by analysts at TheStreet from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Shares of China Finance Online (NASDAQ:JRJC) traded up 0.51% during trading on Tuesday, reaching $3.93. The company’s stock had a trading volume of 71,866 shares. China Finance Online has a 12 month low of $3.66 and a 12 month high of $6.85. The company’s 50-day moving average is $4.04 and its 200-day moving average is $4.41.

A number of hedge funds and other institutional investors have recently made changes to their positions in JRJC. Morgan Stanley boosted its position in shares of China Finance Online by 47.5% in the third quarter. Morgan Stanley now owns 166,557 shares of the company’s stock worth $718,000 after buying an additional 53,600 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of China Finance Online by 0.6% in the third quarter. Acadian Asset Management LLC now owns 941,075 shares of the company’s stock worth $4,057,000 after buying an additional 5,705 shares in the last quarter. Barclays PLC boosted its position in shares of China Finance Online by 2,500.0% in the second quarter. Barclays PLC now owns 28,600 shares of the company’s stock worth $134,000 after buying an additional 27,500 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of China Finance Online during the second quarter worth approximately $446,000. Hedge funds and other institutional investors own 10.98% of the company’s stock.

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China Finance Online Company Profile

China Finance Online Co Limited is a Web-based financial services company in China. The Company provides Chinese retail investors with online access to securities and commodities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers.

5 Day Chart for NASDAQ:JRJC

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