China Internet Nationwide Fncl Srvcs (NASDAQ:CIFS) Stock Price Down 2.2%

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China Internet Nationwide Fncl Srvcs Inc (NASDAQ:CIFS) was down 2.2% during mid-day trading on Wednesday . The stock traded as low as $0.90 and last traded at $0.90, approximately 263 shares changed hands during trading. A decline of 100% from the average daily volume of 903,674 shares. The stock had previously closed at $0.92.

Separately, ValuEngine cut China Internet Nationwide Fncl Srvcs from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

The company has a 50 day simple moving average of $0.99 and a 200-day simple moving average of $1.62.

An institutional investor recently raised its position in China Internet Nationwide Fncl Srvcs stock. Renaissance Technologies LLC lifted its stake in shares of China Internet Nationwide Fncl Srvcs Inc (NASDAQ:CIFS) by 11.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 622,875 shares of the company’s stock after purchasing an additional 62,800 shares during the quarter. Renaissance Technologies LLC owned about 2.83% of China Internet Nationwide Fncl Srvcs worth $1,289,000 as of its most recent filing with the Securities and Exchange Commission.

China Internet Nationwide Fncl Srvcs Company Profile (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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