Eason Technology (NYSEAMERICAN:DXF) Trading Down 6.5% – Here’s Why

Eason Technology Limited – Sponsored ADR (NYSEAMERICAN:DXF) shares dropped 6.5% during trading on Friday . The stock traded as low as $0.4208 and last traded at $0.42. Approximately 287,443 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 815,663 shares. The stock had previously closed at $0.4491.

Eason Technology Price Performance

The firm has a fifty day simple moving average of $0.82 and a 200 day simple moving average of $1.61.

Eason Technology (NYSEAMERICAN:DXF) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.42 earnings per share (EPS) for the quarter. The firm had revenue of $0.28 million during the quarter.

Hedge Funds Weigh In On Eason Technology

An institutional investor recently raised its position in Eason Technology stock. SmartHarvest Portfolios LLC increased its stake in shares of Eason Technology Limited – Sponsored ADR (NYSEAMERICAN:DXF) by 327.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 59,924 shares of the company’s stock after buying an additional 45,907 shares during the quarter. SmartHarvest Portfolios LLC owned about 2.06% of Eason Technology worth $49,000 at the end of the most recent reporting period. 0.88% of the stock is owned by hedge funds and other institutional investors.

Eason Technology Company Profile

Dunxin Financial Holdings Limited, together with its subsidiaries, engages in the microfinance lending business in the People's Republic of China. It offers consumer, commercial, collateral-backed, and enterprise loans to micro sized enterprises, SMEs, sole proprietors, and individuals. The company is headquartered in Wuhan, China.