China Internet Nationwide Fncl Srvcs (NASDAQ:CIFS) Downgraded by ValuEngine

ValuEngine downgraded shares of China Internet Nationwide Fncl Srvcs (NASDAQ:CIFS) from a buy rating to a hold rating in a research note issued to investors on Thursday morning, ValuEngine reports.

Shares of China Internet Nationwide Fncl Srvcs stock traded down $0.12 on Thursday, reaching $0.84. 213,400 shares of the company traded hands, compared to its average volume of 955,019. China Internet Nationwide Fncl Srvcs has a 52 week low of $0.63 and a 52 week high of $6.44. The company has a 50 day moving average of $1.30 and a 200 day moving average of $1.81.

An institutional investor recently raised its position in China Internet Nationwide Fncl Srvcs stock. Renaissance Technologies LLC grew its stake in shares of China Internet Nationwide Fncl Srvcs Inc (NASDAQ:CIFS) by 11.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 622,875 shares of the company’s stock after acquiring an additional 62,800 shares during the period. Renaissance Technologies LLC owned about 2.83% of China Internet Nationwide Fncl Srvcs worth $1,289,000 at the end of the most recent reporting period. Institutional investors own 2.90% of the company’s stock.

China Internet Nationwide Fncl Srvcs Company Profile

China Internet Nationwide Financial Services Inc provides financial advisory services to small-to-medium sized enterprises in the People's Republic of China. The company offers commercial payment advisory services, international corporate financing advisory services, intermediary bank loan advisory services, and Internet information services.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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