Todays Report: Today, TheStreet Downgraded China Finance Online Co. (JRJC) to Hold

Today, TheStreet Downgraded China Finance Online Co. (JRJC) to Hold

TheStreet lowered shares of China Finance Online Co. (NASDAQ:JRJC) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

China Finance Online (NASDAQ:JRJC) opened at 3.93 on Tuesday. China Finance Online has a 1-year low of $3.66 and a 1-year high of $6.85. The firm’s 50-day moving average is $0.00 and its 200 day moving average is $0.00.

Several institutional investors have recently made changes to their positions in JRJC. Barclays PLC raised its position in shares of China Finance Online by 2,500.0% in the second quarter. Barclays PLC now owns 28,600 shares of the company’s stock valued at $134,000 after buying an additional 27,500 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of China Finance Online during the second quarter valued at approximately $446,000. Morgan Stanley raised its position in shares of China Finance Online by 47.5% in the third quarter. Morgan Stanley now owns 166,557 shares of the company’s stock valued at $718,000 after buying an additional 53,600 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of China Finance Online by 114.8% in the second quarter. Acadian Asset Management LLC now owns 935,370 shares of the company’s stock valued at $4,376,000 after buying an additional 499,913 shares in the last quarter. Hedge funds and other institutional investors own 10.98% of the company’s stock.

China Finance Online Company Profile

China Finance Online Co Limited is a Web-based financial services company in China. The Company provides Chinese retail investors with online access to securities and commodities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers.

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