CNFinance (NYSE:CNF) Stock Price Up 3.9% – Time to Buy?

CNFinance Holdings Limited (NYSE:CNF) shares rose 3.9% during mid-day trading on Monday . The stock traded as high as $1.17 and last traded at $1.16. Approximately 18,883 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 30,588 shares. The stock had previously closed at $1.12.

CNFinance Trading Up 3.9 %

The company has a 50-day simple moving average of $1.11 and a 200-day simple moving average of $1.13. The company has a debt-to-equity ratio of 2.35, a quick ratio of 679.18 and a current ratio of 874.07. The stock has a market cap of $79.83 million, a P/E ratio of 3.75 and a beta of 0.02.

Hedge Funds Weigh In On CNFinance

A hedge fund recently bought a new stake in CNFinance stock. XTX Topco Ltd bought a new position in shares of CNFinance Holdings Limited (NYSE:CNF) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 27,006 shares of the company’s stock, valued at approximately $26,000.

About CNFinance

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 financial institutions. The company provides bridge loan products, which are unsecured short-term loans to pay off borrowers' existing loans secured by real property.