CNFinance Holdings Ltd (NYSE:CNF) gapped down before the market opened on Monday . The stock had previously closed at $3.55, but opened at $3.44. CNFinance shares last traded at $3.44, with a volume of 100 shares.

CNF has been the topic of a number of research analyst reports. began coverage on CNFinance in a report on Wednesday, June 10th. They issued a “buy” rating on the stock. Greenridge Global reiterated a “buy” rating and set a $5.50 target price on shares of CNFinance in a research note on Wednesday, June 10th.

The stock has a market capitalization of $235.73 million, a price-to-earnings ratio of 9.55 and a beta of 0.70. The company’s 50 day moving average is $3.46 and its 200 day moving average is $3.78. The company has a debt-to-equity ratio of 1.80, a quick ratio of 449.45 and a current ratio of 449.45.

An institutional investor recently raised its position in CNFinance stock. Gagnon Securities LLC boosted its stake in shares of CNFinance Holdings Ltd (NYSE:CNF) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 352,525 shares of the company’s stock after purchasing an additional 2,716 shares during the quarter. Gagnon Securities LLC owned 0.51% of CNFinance worth $1,269,000 at the end of the most recent quarter. 0.80% of the stock is owned by institutional investors.

CNFinance Company Profile (NYSE:CNF)

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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