China Rapid Finance Limited Sponsored ADR (XRF) Rating Increased to Hold at Zacks Investment Research
China Rapid Finance Limited Sponsored ADR (NYSE:XRF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Saturday.
According to Zacks, “China Rapid Finance Limited provides investment management solutions and financial advisory services. It operates an integrated online platform which offers risk decision management system, marketing planning system, overdue debts collection system and accounting service system. China Rapid Finance Limited is headquartered in Shanghai, China. “
XRF has been the subject of a number of other research reports. Jefferies Group LLC began coverage on shares of China Rapid Finance Limited Sponsored ADR in a research report on Tuesday, May 30th. They set a “buy” rating and a $10.00 target price for the company. Morgan Stanley reissued an “overweight” rating and set a $13.10 target price on shares of China Rapid Finance Limited Sponsored ADR in a research report on Tuesday, May 30th.
Shares of China Rapid Finance Limited Sponsored ADR (NYSE XRF) traded down 4.94% during mid-day trading on Friday, hitting $6.16. The stock had a trading volume of 76,305 shares. The stock’s market cap is $400.94 million. The stock has a 50-day moving average price of $6.64 and a 200 day moving average price of $6.78. China Rapid Finance Limited Sponsored ADR has a 52 week low of $5.60 and a 52 week high of $8.38.
China Rapid Finance Limited Sponsored ADR (NYSE:XRF) last released its earnings results on Thursday, August 17th. The company reported ($0.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.12. The business had revenue of $15.15 million for the quarter, compared to analysts’ expectations of $13.41 million. On average, equities analysts forecast that China Rapid Finance Limited Sponsored ADR will post ($1.40) EPS for the current fiscal year.
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China Rapid Finance Limited Sponsored ADR Company Profile
China Rapid Finance Limited is a consumer lending company. The Company, through its subsidiaries, is principally engaged in providing a consumer lending marketplace for lenders and borrowers in the People’s Republic of China with predictive selection technology (PST), automated decisioning technology (ADT), and non-credit data analytic and risk-based pricing capabilities.
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