China Internet Nationwide Fncl Srvcs (CIFS) Stock Price Down 6.6%

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China Internet Nationwide Fncl Srvcs Inc (NASDAQ:CIFS) shares were down 6.6% on Friday . The company traded as low as $3.00 and last traded at $3.24. Approximately 1,719,539 shares changed hands during mid-day trading, an increase of 856% from the average daily volume of 179,950 shares. The stock had previously closed at $3.47.

Separately, BidaskClub raised shares of China Internet Nationwide Fncl Srvcs from a “strong sell” rating to a “sell” rating in a report on Saturday, August 11th.

A hedge fund recently bought a new stake in China Internet Nationwide Fncl Srvcs stock. Barclays PLC bought a new stake in China Internet Nationwide Fncl Srvcs Inc (NASDAQ:CIFS) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,300 shares of the company’s stock, valued at approximately $106,000. Institutional investors own 0.61% of the company’s stock.

About China Internet Nationwide Fncl Srvcs (NASDAQ:CIFS)

China Internet Nationwide Financial Services Inc provides financial advisory services to small-to-medium sized enterprises in the People's Republic of China. The company offers commercial payment advisory services, international corporate financing advisory services, intermediary bank loan advisory services, and Internet information services.

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