Stock News in Focus: China Finance Online Co. (NASDAQ: JRJC)

On 05 Oct 2019, China Finance Online Co. (NASDAQ: JRJC) started its trading session with the rate $0.72 and closed at price of $0.75 by scoring 0%. JRJC has overall market capitalization of $18217020.

China Finance Online Co. Limited (GS: JRJC), a leading web-based financial services company that offers Chinese retail investors with fintech-powered online access to securities trading services, wealth management items, securities financial investment advisory services, as well as monetary database and analytics services to institutional customers, recently reported its unaudited financial outcomes for the second quarter and very first six months ended June 30, 2019.

6 Months of 2019 Financial Results

Net revenue margin of the company was taped at -38.50% and operating revenue margin was determined at -44.90% while gross profit margin was measured as 63.70%. Beta element, which measures the riskiness of the security, was signed up at 1.82.

Completely diluted losses per ADS attributable to China Finance Online was $0.25 for the first 6 months of 2019, contrast with totally watered down loss of $0.42 for the first 6 months of 2018.

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As of June 30, 2019, overall shareholders equity of China Finance Online was $30.1 M. Total money and cash equivalents, short-term and long-lasting financial investments were $9.6 M.

Gross profit for the first 6 months of 2019 was $12.0 M, contrast with $16.7 M in the very first 6 months of 2018.

Bottom line attributable to China Finance Online for the first six months of 2019 was $5.7 M, contrast to a net loss of $9.5 M in the first 6 months of 2018.

Net incomes for the very first six months of 2019 were $18.8 M, contrast with $26.2 M in the very first 6 months of 2018.

Melanie Griffith

Melanie Griffith – Technology I am Melanie Griffith , I have done my bachelor’s in English literature, and further on I did my master’s in computer sciences. My most preferred genre of writing is technology sector. I have been writing from the past 6 years about articles, web content, and blogs. In my career and education, I like to play along with work. I have also been a teacher in the past for 2 years. I use to teach business and technical writing in a very famous university. However, most recently I am working as an instructor, designer, and training writer. I enjoy socializing a lot. I am a very big extrovert when it comes to my nature. A part of all this I enjoy exploring the world and traveling make me happy.

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