China Internet Nationwide Fncl Srvcs (NASDAQ:CIFS) Trading Up 17.3%

China Internet Nationwide Fncl Srvcs Inc (NASDAQ:CIFS)’s share price was up 17.3% during mid-day trading on Wednesday . The company traded as high as $0.95 and last traded at $0.95, approximately 101,400 shares were traded during trading. A decline of 89% from the average daily volume of 947,289 shares. The stock had previously closed at $0.81.

Separately, ValuEngine cut shares of China Internet Nationwide Fncl Srvcs from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.

The business’s fifty day moving average price is $1.23 and its two-hundred day moving average price is $1.77.

A hedge fund recently raised its stake in China Internet Nationwide Fncl Srvcs stock. Renaissance Technologies LLC boosted its position in shares of China Internet Nationwide Fncl Srvcs Inc (NASDAQ:CIFS) by 11.2% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 622,875 shares of the company’s stock after acquiring an additional 62,800 shares during the quarter. 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. 2.90% of the stock is currently owned by institutional investors.

China Internet Nationwide Fncl Srvcs Company Profile (NASDAQ:CIFS)

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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