Shares of FinVolution Group American Depositary Shares (NYSE:FINV) traded today at $8.16, eclipsing its 52-week high. Approximately 3.2 million shares have changed hands today, as compared to an average 30-day volume of 1.4 million shares.
Over the past year, FinVolution Group American Depositary Shares has traded in a range of $1.22 to $8.16 and is now at $7.81, 540% above that low.
Based on a current price of $7.81, FinVolution Group American Depositary Shares is currently 7.0% above its average consensus analyst price target of $7.26.
FinVolution Group is a provider of online consumer finance in China. It offers various loan products, making financial services available to borrowers anytime, anywhere; designs a loan transaction process, and offers Tailored risk-based pricing. It offers short-term loans to borrowers to meet immediate credit needs while allowing them to gradually establish their credit history through activities on the company’s platform. The company provides investors with an opportunity to invest in an emerging asset class-consumer loans through a variety of investment options. It generates revenues from fees charged to borrowers.
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