mF International (NASDAQ:MFI) Shares Up 8.4% – Here’s Why

mF International Limited (NASDAQ:MFI) shares rose 8.4% during mid-day trading on Wednesday. The stock traded as high as $6.35 and last traded at $6.20. Approximately 911 shares changed hands during trading, a decline of 66% from the average session volume of 2,690 shares. The stock had previously closed at $5.72.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut mF International from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, September 16th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has a consensus rating of “Sell”.

mF International Stock Performance

The business has a fifty day moving average of $8.46 and a two-hundred day moving average of $9.97.

mF International (NASDAQ:MFI) last announced its quarterly earnings results on Thursday, September 10th. The financial services provider reported ($2.71) earnings per share (EPS) for the quarter. The business had revenue of $0.76 million during the quarter. Analysts anticipate that mF International Limited will post -0.07 earnings per share for the current fiscal year.

About mF International

mF International Limited is a financial technology company that provides trading software and related services to financial institutions and professional traders. Its offerings include online trading platforms and supporting tools designed to help clients operate and manage trading businesses. The company is associated with the m-FINANCE brand and is based in Hong Kong. Its business focuses on financial trading technology, including platform solutions for markets such as foreign exchange and contracts for difference.