China Internet Nationwide Fncl Srvcs (NASDAQ:CIFS) Stock Price Up 15.9%

China Internet Nationwide Fncl Srvcs Inc (NASDAQ:CIFS)’s stock price rose 15.9% during trading on Thursday . The stock traded as high as $1.08 and last traded at $1.05, approximately 287,643 shares traded hands during trading. A decline of 68% from the average daily volume of 897,579 shares. The stock had previously closed at $0.91.

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

The firm has a fifty day moving average of $0.99 and a 200 day moving average of $1.61.

A hedge fund recently raised its stake in China Internet Nationwide Fncl Srvcs stock. Renaissance Technologies LLC lifted its stake in shares of China Internet Nationwide Fncl Srvcs Inc (NASDAQ:CIFS) by 11.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 622,875 shares of the company’s stock after buying an additional 62,800 shares during the quarter. Renaissance Technologies LLC owned 2.83% of China Internet Nationwide Fncl Srvcs worth $1,289,000 as of its most recent filing with the SEC.

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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