Zacks: 360 Finance Inc (QFIN) Receives Average Rating of “Strong Buy” from Brokerages

Shares of 360 Finance Inc (NASDAQ:QFIN) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Zacks has also assigned 360 Finance an industry rank of 213 out of 255 based on the ratings given to its competitors.

Separately, Citigroup initiated coverage on 360 Finance in a research note on Friday, January 18th. They issued a “buy” rating on the stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Citigroup Inc. purchased a new position in shares of 360 Finance in the 4th quarter worth approximately $112,000. FMR LLC purchased a new position in shares of 360 Finance in the 4th quarter worth approximately $15,797,000. Finally, Millennium Management LLC purchased a new position in shares of 360 Finance in the 4th quarter worth approximately $659,000. Hedge funds and other institutional investors own 0.83% of the company’s stock.

Shares of NASDAQ QFIN traded up $3.40 during midday trading on Thursday, reaching $24.10. The company’s stock had a trading volume of 292,882 shares, compared to its average volume of 85,564. 360 Finance has a 12-month low of $9.90 and a 12-month high of $24.45.

360 Finance (NASDAQ:QFIN) last announced its earnings results on Tuesday, March 19th. The company reported $0.58 earnings per share for the quarter. The business had revenue of $227.83 million during the quarter.

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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