9F (NYSE:JFU) Shares Down 3.5%

9F Inc. (NYSE:JFU) fell 3.5% during trading on Friday . The company traded as low as $9.17 and last traded at $9.17, 100 shares traded hands during mid-day trading. A decline of 100% from the average session volume of 21,336 shares. The stock had previously closed at $9.50.

Separately, Credit Suisse Group began coverage on 9F in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $11.62 price target on the stock.

The company’s 50-day moving average price is $9.57.

An institutional investor recently bought a new position in 9F stock. Millennium Management LLC purchased a new stake in 9F Inc. (NYSE:JFU) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 51,685 shares of the company’s stock, valued at approximately $576,000.

9F Company Profile (NYSE:JFU)

9F Inc operates an online consumer finance platform that integrates and personalizes financial services in the People's Republic of China. It offers digital financial accounts; revolving and non-revolving loan products to borrowers, as well as traffic referral services to institutional funding partners; and a suite of online wealth management products, such as fixed income products, stocks, insurance, and mutual funds to investors in various platforms, including Wukong Licai, 9F Wallet, and 9F Puhui.

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