China Finance Online Rating Increased to Hold at TheStreet (JRJC)
China Finance Online (NASDAQ:JRJC) was upgraded by investment analysts at TheStreet from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, Analyst RN reports.
The analysts wrote, “China Finance Online (JRJC) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we find that the growth in the company’s net income has been quite unimpressive.”
Shares of China Finance Online (NASDAQ:JRJC) traded up 9.76% during mid-day trading on Wednesday, hitting $2.7002. 335,878 shares of the company’s stock traded hands. China Finance Online has a 1-year low of $1.04 and a 1-year high of $3.33. The stock’s 50-day moving average is $1.84 and its 200-day moving average is $1.5. The company’s market cap is $58.9 million.
China Finance Online Co Limited (NASDAQ:JRJC) is a provider of vertically integrated financial services and products, including news, data, analytics and brokerage through Web portals, software systems and mobile handsets.
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