Zacks Investment Research Upgrades China Rapid Finance Limited Sponsored ADR (XRF) to Hold

Zacks Investment Research upgraded shares of China Rapid Finance Limited Sponsored ADR (NYSE:XRF) from a sell rating to a hold rating in a research report report published 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. “

Other equities analysts have also issued reports about the company. Morgan Stanley reissued an overweight rating and set a $13.10 price target on shares of China Rapid Finance Limited Sponsored ADR in a research report on Tuesday, May 30th. Jefferies Group LLC began coverage on China Rapid Finance Limited Sponsored ADR in a research report on Tuesday, May 30th. They set a buy rating and a $10.00 price target on the stock.

Shares of China Rapid Finance Limited Sponsored ADR (NYSE XRF) opened at 6.19 on Friday. The company has a 50-day moving average of $6.62 and a 200 day moving average of $6.77. The firm’s market cap is $402.89 million. China Rapid Finance Limited Sponsored ADR has a one year low of $5.60 and a one year high of $8.38.

China Rapid Finance Limited Sponsored ADR (NYSE:XRF) last released its quarterly earnings results on Thursday, August 17th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.12). The company had revenue of $15.15 million during the quarter, compared to analysts’ expectations of $13.41 million. On average, equities research analysts expect 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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