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 Wednesday.

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. “

Shares of China Rapid Finance Limited Sponsored ADR (XRF) traded down 8.14% during mid-day trading on Wednesday, reaching $10.50. The company’s stock had a trading volume of 1,102,248 shares. The company has a 50 day moving average price of $7.37 and a 200 day moving average price of $6.97. The stock’s market capitalization is $679.40 million. China Rapid Finance Limited Sponsored ADR has a 12 month low of $5.60 and a 12 month high of $12.30.

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 Thomson Reuters’ consensus estimate of ($0.17) by ($0.12). The company had revenue of $15.15 million for the quarter, compared to analyst estimates of $13.41 million. On average, equities research analysts anticipate that China Rapid Finance Limited Sponsored ADR will post ($0.93) earnings per share for the current fiscal year.

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About China Rapid Finance Limited Sponsored ADR

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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