BidaskClub upgraded shares of China Internet Nationwide Fncl Srvcs (NASDAQ:CIFS) from a strong sell rating to a sell rating in a research report released on Saturday.

China Internet Nationwide Fncl Srvcs traded up $0.31, reaching $15.14, on Friday, according to MarketBeat Ratings. The stock had a trading volume of 41,917 shares, compared to its average volume of 41,530. China Internet Nationwide Fncl Srvcs has a 12-month low of $11.10 and a 12-month high of $66.10.

China Internet Nationwide Fncl Srvcs (NASDAQ:CIFS) last released its earnings results on Tuesday, May 15th. The company reported $0.49 earnings per share (EPS) for the quarter. The company had revenue of $12.01 million during the quarter.

Large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in shares of China Internet Nationwide Fncl Srvcs in the fourth quarter valued at approximately $207,000. Barclays PLC acquired a new position in shares of China Internet Nationwide Fncl Srvcs in the first quarter valued at approximately $106,000. BlackRock Inc. acquired a new position in shares of China Internet Nationwide Fncl Srvcs in the fourth quarter valued at approximately $5,624,000. Two Sigma Investments LP acquired a new position in shares of China Internet Nationwide Fncl Srvcs in the fourth quarter valued at approximately $432,000. Finally, TIAA CREF Investment Management LLC acquired a new position in shares of China Internet Nationwide Fncl Srvcs in the fourth quarter valued at approximately $176,000. 0.96% of the stock is currently owned by institutional investors and hedge funds.

About China Internet Nationwide Fncl Srvcs

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.

Further Reading: Earnings Per Share

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