Wedbush Begins Coverage on Wins Finance Holdings Inc. (WINS)
Equities researchers at Wedbush initiated coverage on shares of Wins Finance Holdings Inc. (NASDAQ:WINS) in a note issued to investors on Friday. The firm set an “outperform” rating and a $42.00 price target on the stock. Wedbush’s price target would indicate a potential downside of 79.51% from the stock’s previous close.
Separately, TheStreet downgraded shares of Wins Finance Holdings from a “c-” rating to a “d” rating in a report on Monday, May 22nd.
Wins Finance Holdings (NASDAQ:WINS) remained flat at $205.01 during trading on Friday. 163,079 shares of the stock were exchanged. Wins Finance Holdings has a 12 month low of $11.40 and a 12 month high of $465.00. The firm has a market capitalization of $4.07 billion and a PE ratio of 261.49. The firm’s 50-day moving average price is $205.01 and its 200 day moving average price is $187.43.
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An institutional investor recently bought a new position in Wins Finance Holdings stock. Rhumbline Advisers purchased a new position in Wins Finance Holdings Inc. (NASDAQ:WINS) during the second quarter, according to its most recent filing with the SEC. The fund purchased 1,012 shares of the company’s stock, valued at approximately $213,000. Hedge funds and other institutional investors own 0.57% of the company’s stock.
Wins Finance Holdings Company Profile
Wins Finance Holdings Inc is a holding company. The Company is an investment and asset management company, and is an integrated lending solution provider serving small-and-medium sized enterprises (SMEs) in Jinzhong City, Shanxi Province and Beijing, China. The Company is engaged in providing financial services in the People’s Republic of China (PRC) domestic market.
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