9F (NASDAQ:JFU) Trading Down 6.2% – Here’s What Happened

9F Inc. (NASDAQ:JFU) dropped 6.2% during mid-day trading on Friday . The stock traded as low as $1.35 and last traded at $1.35. Approximately 15,416 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 27,064 shares. The stock had previously closed at $1.44.

9F Price Performance

The company’s 50-day moving average price is $1.80 and its 200-day moving average price is $2.09.

Hedge Funds Weigh In On 9F

An institutional investor recently bought a new position in 9F stock. Cetera Advisors LLC bought a new position in shares of 9F Inc. (NASDAQ:JFU) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,200 shares of the company’s stock, valued at approximately $39,000. Cetera Advisors LLC owned 0.10% of 9F at the end of the most recent reporting period.

9F Company Profile

9F Inc, together with its subsidiaries, operates internet securities service platform in the People's Republic of China. The company operates through three segments: Technology Empowerment Services, E-commerce business, and Wealth Management. Its products include digital financial accounts that offer online lending, wealth management, and payment facilitation services; revolving and non-revolving loan products to borrowers, as well as traffic referral services to financial institution partners; and a suite of online wealth management products, such as fixed income products, stocks, insurance, bank wealth management products, and mutual funds to investors in various platforms, including Wukong Licai, 9F Wallet, and 9F Puhui.