China Finance Online Co. (JRJC) Announces Earnings Results
China Finance Online Co. (NASDAQ:JRJC) posted its earnings results on Tuesday. The company reported ($0.16) EPS for the quarter. The firm had revenue of $17.10 million for the quarter, compared to analysts’ expectations of $37 million. China Finance Online had a return on equity of 18.26% and a net margin of 27.66%.
Shares of China Finance Online (NASDAQ:JRJC) opened at 4.04 on Wednesday. China Finance Online has a 52-week low of $3.66 and a 52-week high of $6.85. The firm’s 50-day moving average price is $0.00 and its 200-day moving average price is $0.00.
Separately, TheStreet downgraded China Finance Online from a “buy” rating to a “hold” rating in a research report on Tuesday, November 22nd.
A number of institutional investors have recently bought and sold shares of JRJC. Barclays PLC raised its position in China Finance Online by 2,500.0% in the second quarter. Barclays PLC now owns 28,600 shares of the company’s stock valued at $134,000 after buying an additional 27,500 shares during the period. GSA Capital Partners LLP bought a new position in China Finance Online during the second quarter valued at $446,000. Morgan Stanley raised its position in China Finance Online by 47.5% in the third quarter. Morgan Stanley now owns 166,557 shares of the company’s stock valued at $718,000 after buying an additional 53,600 shares during the period. Finally, Acadian Asset Management LLC raised its position in China Finance Online by 0.6% in the third quarter. Acadian Asset Management LLC now owns 941,075 shares of the company’s stock valued at $4,057,000 after buying an additional 5,705 shares during the period. Institutional investors own 10.17% of the company’s stock.
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About China Finance Online
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.
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