360 Finance (NASDAQ:QFIN) Stock Rating Upgraded by ValuEngine

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

QFIN stock opened at $9.00 on Thursday. The firm has a market cap of $1.29 billion and a PE ratio of 3.49. The business has a 50 day moving average of $9.65 and a 200-day moving average of $9.73. 360 Finance has a 12-month low of $7.76 and a 12-month high of $24.45.

360 Finance (NASDAQ:QFIN) last issued its quarterly earnings results on Wednesday, November 27th. The company reported $0.68 EPS for the quarter. The business had revenue of $361.38 million for the quarter. 360 Finance had a return on equity of 47.94% and a net margin of 31.86%.

A number of large investors have recently made changes to their positions in QFIN. FMR LLC increased its position in shares of 360 Finance by 3.6% during the 1st quarter. FMR LLC now owns 1,061,095 shares of the company’s stock valued at $16,447,000 after purchasing an additional 37,295 shares during the last quarter. D. E. Shaw & Co. Inc. purchased a new stake in shares of 360 Finance during the 2nd quarter valued at approximately $2,933,000. Marshall Wace North America L.P. bought a new position in 360 Finance in the 2nd quarter worth approximately $1,871,000. UBS Oconnor LLC bought a new position in 360 Finance in the 2nd quarter worth approximately $1,481,000. Finally, Amundi Pioneer Asset Management Inc. purchased a new stake in shares of 360 Finance during the second quarter worth $1,440,000. Hedge funds and other institutional investors own 9.03% 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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