
Qfin (NASDAQ:QFIN) Reaches New 1-Year Low After Earnings Miss

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Qfin Holdings Inc. (NASDAQ:QFIN) shares hit a new 52-week low after reporting weaker-than-expected earnings. The stock traded as low as $19.35, closing at $19.6370, down from $22.42. Qfin reported $1.52 EPS, missing the $1.68 estimate. Revenue was $731.04 million, above the $693.21 million expectation. Analysts downgraded the stock, with a consensus "Hold" rating and a $37.07 target price. Institutional investors have adjusted their stakes, with 74.81% ownership. The company operates a credit-tech platform in China.
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