Dunxin Financial Holdings Limited (DXF) shares are trading at higher $1.55.
To add more color to this target, the company’s high over the last year is $2.20 and the low is $0.37. Over the last 52 weeks, DXF is up 9.77% while the S&P 500 is up 15.47%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
DXF booked profit margins of 39.60%, its Return on Equity (ROE) is 12.90%, and its Return on Assets is 6.50%. All told, it is clear that, DXF needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. DXF has a short ratio of 0.05 and outstanding shares of 20.86M.
DXF has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.35 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.34. Dunxin Financial Holdings Limited DXF also noted assets of $100.5 million at the end of the last quarter. Investors should also keep an eye on sector updates as DXF has historically followed its peers on positive news.
All told, Dunxin Financial Holdings Limited DXF has strung together solid data and demonstrated underlying fundamentals. At its current valuation, DXF represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Dunxin Financial Holdings Limited DXF is now commanding a market cap of 33.12M and a float of 6.95M. DXF is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of DXF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in DXF, either long or short, and we have not been compensated for this article.