360 Finance (NASDAQ:QFIN) Lowered to Hold at ValuEngine

ValuEngine cut shares of 360 Finance (NASDAQ:QFIN) from a buy rating to a hold rating in a report issued on Thursday, ValuEngine reports.

Separately, BidaskClub lowered shares of 360 Finance from a sell rating to a strong sell rating in a research note on Tuesday, March 31st.

Shares of NASDAQ:QFIN traded up $0.09 during trading on Thursday, reaching $7.84. 258,100 shares of the company traded hands, compared to its average volume of 622,111. The firm has a fifty day simple moving average of $7.85 and a 200 day simple moving average of $8.85. The firm has a market cap of $1.11 billion, a P/E ratio of 3.24 and a beta of 0.35. 360 Finance has a 1-year low of $6.37 and a 1-year high of $24.45.

Several large investors have recently bought and sold shares of QFIN. FMR LLC increased its stake in 360 Finance by 3.6% in the first quarter. FMR LLC now owns 1,061,095 shares of the company’s stock valued at $16,447,000 after acquiring an additional 37,295 shares during the period. California Public Employees Retirement System bought a new stake in 360 Finance during the third quarter worth about $163,000. State Street Corp bought a new stake in 360 Finance during the third quarter worth about $264,000. Barclays PLC bought a new stake in 360 Finance during the third quarter worth about $98,000. Finally, Aigen Investment Management LP bought a new stake in 360 Finance during the fourth quarter worth about $61,000. Institutional investors own 28.44% of the company’s stock.

About 360 Finance

360 Finance, Inc operates a digital consumer finance platform in China. Its platform provides online consumer finance products to prime and underserved borrowers. The company was founded in 2016 and is headquartered in Shanghai, China.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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