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

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 sent to investors on Saturday morning.

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. “

A number of other analysts also recently issued reports on the stock. Morgan Stanley reiterated an overweight rating and issued a $13.10 price objective on shares of China Rapid Finance Limited Sponsored ADR in a report on Tuesday, May 30th. Jefferies Group LLC started coverage on shares of China Rapid Finance Limited Sponsored ADR in a report on Tuesday, May 30th. They issued a buy rating and a $10.00 price objective on the stock.

Shares of China Rapid Finance Limited Sponsored ADR (NYSE:XRF) opened at 6.27 on Friday. The firm has a 50-day moving average of $6.64 and a 200 day moving average of $6.78. China Rapid Finance Limited Sponsored ADR has a 52-week low of $5.60 and a 52-week high of $8.38. The company’s market capitalization is $408.10 million.

China Rapid Finance Limited Sponsored ADR (NYSE:XRF) last posted its quarterly earnings data on Thursday, August 17th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.12. The firm had revenue of $15.15 million for the quarter, compared to the consensus estimate of $13.41 million. On average, analysts anticipate that China Rapid Finance Limited Sponsored ADR will post ($1.40) EPS for the current year.

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About China Rapid Finance Limited Sponsored ADR

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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