Saturday, March 16, 2019

Tax refunds are now $4 larger so far

The average tax refund is just $4 higher than a year ago after the sixth week of filing season, the Internal Revenue Service reported Thursday.

The average tax refund issued so far is $3,008 for the week ending March 8, up 0.1 percent from $3,004 at the same time last year. The IRS has issued nearly 53.5 million total refunds, down 1.84 million – or 3.3 percent – from last year.

The agency has processed 65.3 million returns, about 2.8 percent fewer versus last year at this time. The IRS has received 67.7 million returns in total. It expects to get 150 million returns for the year.

There's still a month left of tax filing season. Most taxpayers have until April 15 to file their returns, or file for an extension until October.

 (Photo: GETTY IMAGES)

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New law, new withholdings

This marks the first tax-filing season since the new tax law went into effect. The changes should reduce the tax liability for most Americans. About 80 percent of taxpayers are forecast to see lower taxes, while only 5 percent are expected to pay more, according to an analysis from the Tax Policy Center.

If you didn't change your paycheck withholdings during the year, it's likely you saw much of your tax savings during the year in your paychecks – shrinking or eliminating your tax refund this year. In some cases, you may end up owing the government because too little was withheld during the year.

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If you're unhappy with how your taxes turned out this year, request a new W-4 from your employer to adjust your paycheck withholdings and avoid any unpleasant surprises next year.

The IRS offers a calculator to help you determine how much in federal tax should be taken out from each paycheck. Have your most recent pay stub from work and your 2018 tax returns handy to use the tool.

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It's tax time again. In your rush to get your taxes done, don't make these six mistakes. Josmar Taveras, USA TODAY

 

 

Friday, March 15, 2019

Q1 2019 Earnings Forecast for Dicerna Pharmaceuticals Inc Issued By B. Riley (DRNA)

Dicerna Pharmaceuticals Inc (NASDAQ:DRNA) – Equities research analysts at B. Riley issued their Q1 2019 earnings per share estimates for shares of Dicerna Pharmaceuticals in a report released on Tuesday, March 12th. B. Riley analyst M. Mamtani anticipates that the biopharmaceutical company will earn ($0.22) per share for the quarter. B. Riley has a “Buy” rating and a $24.00 price target on the stock. B. Riley also issued estimates for Dicerna Pharmaceuticals’ Q2 2019 earnings at ($0.23) EPS, Q3 2019 earnings at ($0.24) EPS, Q4 2019 earnings at ($0.26) EPS, FY2019 earnings at ($0.96) EPS, FY2020 earnings at ($1.48) EPS and FY2021 earnings at ($1.51) EPS.

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Dicerna Pharmaceuticals (NASDAQ:DRNA) last released its earnings results on Monday, March 11th. The biopharmaceutical company reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.06). Dicerna Pharmaceuticals had a negative return on equity of 65.91% and a negative net margin of 1,438.68%. The business had revenue of $1.54 million for the quarter, compared to analysts’ expectations of $8.38 million.

A number of other research firms have also issued reports on DRNA. Leerink Swann assumed coverage on shares of Dicerna Pharmaceuticals in a report on Tuesday, November 27th. They set an “outperform” rating and a $24.00 target price for the company. BidaskClub raised shares of Dicerna Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Wednesday, March 6th. Zacks Investment Research lowered shares of Dicerna Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Thursday. SunTrust Banks upped their price objective on shares of Dicerna Pharmaceuticals to $26.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Chardan Capital raised shares of Dicerna Pharmaceuticals from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Tuesday, January 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $21.78.

Dicerna Pharmaceuticals stock opened at $12.31 on Thursday. Dicerna Pharmaceuticals has a 52-week low of $8.71 and a 52-week high of $17.98. The firm has a market cap of $720.16 million, a PE ratio of -10.26 and a beta of 2.40.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Dicerna Pharmaceuticals by 512.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,459 shares of the biopharmaceutical company’s stock valued at $37,000 after purchasing an additional 2,894 shares during the period. Legal & General Group Plc grew its holdings in shares of Dicerna Pharmaceuticals by 38.7% in the fourth quarter. Legal & General Group Plc now owns 9,186 shares of the biopharmaceutical company’s stock valued at $98,000 after purchasing an additional 2,561 shares during the period. Bank of America Corp DE grew its holdings in shares of Dicerna Pharmaceuticals by 30.3% in the fourth quarter. Bank of America Corp DE now owns 10,596 shares of the biopharmaceutical company’s stock valued at $113,000 after purchasing an additional 2,465 shares during the period. TD Asset Management Inc. purchased a new stake in shares of Dicerna Pharmaceuticals in the fourth quarter valued at about $169,000. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of Dicerna Pharmaceuticals by 19.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 18,234 shares of the biopharmaceutical company’s stock valued at $195,000 after purchasing an additional 3,024 shares during the period. 92.81% of the stock is owned by hedge funds and other institutional investors.

About Dicerna Pharmaceuticals

Dicerna Pharmaceuticals, Inc, a biopharmaceutical company, focuses on the discovery and development of ribonucleic acid interference (RNAi)-based pharmaceuticals. The company develops pharmaceuticals using its GalXC RNAi platform for the treatment of diseases involving the liver, including rare diseases, viral infectious diseases, chronic liver diseases, and cardiovascular diseases.

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Earnings History and Estimates for Dicerna Pharmaceuticals (NASDAQ:DRNA)

Thursday, March 14, 2019

-$0.01 Earnings Per Share Expected for Top Image Systems Ltd. (TISA) This Quarter

Equities research analysts forecast that Top Image Systems Ltd. (NASDAQ:TISA) will post earnings of ($0.01) per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Top Image Systems’ earnings, with estimates ranging from ($0.02) to $0.00. Top Image Systems reported earnings per share of ($0.06) in the same quarter last year, which indicates a positive year-over-year growth rate of 83.3%. The company is scheduled to issue its next earnings report on Thursday, May 16th.

According to Zacks, analysts expect that Top Image Systems will report full year earnings of ($0.13) per share for the current year, with EPS estimates ranging from ($0.16) to ($0.10). For the next financial year, analysts expect that the firm will report earnings of ($0.14) per share. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Top Image Systems.

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TISA has been the subject of several recent research reports. Roth Capital reaffirmed a “buy” rating on shares of Top Image Systems in a report on Friday, December 14th. ValuEngine lowered shares of Top Image Systems from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, HC Wainwright lowered shares of Top Image Systems from a “buy” rating to a “neutral” rating and cut their target price for the company from $3.00 to $0.86 in a report on Tuesday, February 5th.

TISA traded up $0.01 during trading on Tuesday, reaching $0.83. 2,800 shares of the company’s stock were exchanged, compared to its average volume of 199,282. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $15.12 million, a PE ratio of -2.24 and a beta of 0.72. Top Image Systems has a 1 year low of $0.46 and a 1 year high of $1.14.

Top Image Systems Company Profile

Top Image Systems Ltd. develops and markets automated data capture solutions for managing and validating content gathered from customers, trading partners, and employees worldwide. Its solutions deliver digital content to the applications that drive an enterprise by using technologies, such as wireless communications, servers, form processing, and information recognition systems.

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Get a free copy of the Zacks research report on Top Image Systems (TISA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Wednesday, March 13, 2019

Hot Tech Stocks To Buy For 2019

tags:MNDO,LTRPA,TKC,AMCN,AMGN,JKS,

Something strange happened in the stock market Tuesday as big stocks reversed sharply lower after opening higher.

Thirty stocks in the S&P 500 dropped more than 5 percent from their opening prices with many of the names concentrated in the industrial and technology sectors.

The industrial stocks' decline is likely due to a Caterpillar management comment about its profitability the rest of the year. The company said on a midday conference call that its first-quarter profit will be "the high-water mark for the year" due to higher investment spending.

Caterpillar shares fell by nearly 10 percent from their opening price.

Hot Tech Stocks To Buy For 2019: MIND C.T.I. Ltd.(MNDO)

Advisors' Opinion:
  • [By Ethan Ryder]

    TRADEMARK VIOLATION NOTICE: “MIND C.T.I. Ltd. Declares Annual Dividend of $0.26 (MNDO)” was reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this news story on another website, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.tickerreport.com/banking-finance/4210875/mind-c-t-i-ltd-declares-annual-dividend-of-0-26-mndo.html.

Hot Tech Stocks To Buy For 2019: Liberty TripAdvisor Holdings, Inc.(LTRPA)

Advisors' Opinion:
  • [By Lisa Levin]

    Liberty TripAdvisor Holdings, Inc. (NASDAQ: LTRPA) shares shot up 31 percent to $12.10 following TripAdvisor Q1 earnings beat.

    Shares of ZAGG Inc (NASDAQ: ZAGG) got a boost, shooting up 34 percent to $15.3628 after the company posted better-than-expected Q1 earnings.

  • [By Lisa Levin]

    Liberty TripAdvisor Holdings, Inc. (NASDAQ: LTRPA) shares shot up 30 percent to $12.05 following TripAdvisor Q1 earnings beat.

    Shares of ZAGG Inc (NASDAQ: ZAGG) got a boost, shooting up 26 percent to $14.48 after the company posted better-than-expected Q1 earnings.

  • [By Lisa Levin]

    Liberty TripAdvisor Holdings, Inc. (NASDAQ: LTRPA) shares shot up 32 percent to $12.175 following TripAdvisor Q1 earnings beat.

    Shares of ZAGG Inc (NASDAQ: ZAGG) got a boost, shooting up 27 percent to $14.60 after the company posted better-than-expected Q1 earnings.

Hot Tech Stocks To Buy For 2019: Turkcell Iletisim Hizmetleri AS(TKC)

Advisors' Opinion:
  • [By Rich Smith]

    Shares of Turkish telecom Turkcell Iletisim Hizmetleri (NYSE:TKC) plummeted 10% to close at $4.42 per share on Thursday -- then proceeded to slide more after-hours. Perhaps worse for investors trying to figure out how to react to this news: There was no obvious reason for the decline.

  • [By Ethan Ryder]

    Turkcell (NYSE:TKC) shares reached a new 52-week high and low during trading on Friday . The stock traded as low as $7.59 and last traded at $7.74, with a volume of 559325 shares traded. The stock had previously closed at $8.02.

  • [By Lisa Levin]

    Check out these big penny stock gainers and losers

    Losers Big Lots, Inc. (NYSE: BIG) shares fell 9.6 percent to $37.01 in pre-market trading after the company reported weaker-than-expected results for its first quarter and issued downbeat earnings forecast. Tilly's, Inc. (NYSE: TLYS) fell 5.7 percent to $12.98 in pre-market trading after rising 12.69 percent on Thursday. Turkcell Iletisim Hizmetleri A.S. (NYSE: TKC) fell 4.2 percent to $6.39 in pre-market trading after dropping 4.71 percent on Thursday. Sunlands Online Education Group (NYSE: STG) fell 4.2 percent to $9.13 in pre-market trading. Safe Bulkers, Inc. (NYSE: SB) fell 4.2 percent to $3.42 in pre-market trading after climbing 12.62 percent on Thursday. Ulta Beauty, Inc. (NASDAQ: ULTA) fell 4.1 percent to $236.80 in pre-market trading. Ulta Beauty reported upbeat results for its first quarter, but issued weak second-quarter earnings and sales guidance. GameStop Corp. (NYSE: GME) shares fell 3.8 percent to $12.70 in pre-market trading. GameStop reported in-line earnings for its first quarter, while sales missed estimates. Workday, Inc. (NASDAQ: WDAY) fell 3.2 percent to $126.85 in the pre-market trading session after the company posted Q1 results. Lumentum Holdings Inc. (NASDAQ: LITE) shares fell 3 percent to $57.15 in pre-market trading
  • [By Max Byerly]

    Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) gapped down prior to trading on Thursday . The stock had previously closed at $5.38, but opened at $5.70. Turkcell Iletisim Hizmetleri A.S. shares last traded at $5.88, with a volume of 88576 shares trading hands.

  • [By Lee Jackson]

    Turkcell Iletisim Hizmetleri A.S. (NASDAQ: TKC) was started with an overweight rating at J.P. Morgan. The 52-week trading range for the company’s shares has been $6.33 to $11.29. The consensus price target is $10.94. The shares ended trading on Monday at $6.58.

  • [By Rich Smith]

    Turkish telco Turkcell Iletisim Hizmetleri (NYSE:TKC) became the latest victim of President Donald Trump's favorite foreign policy tool -- the tariff -- this morning, falling 13.1% (as of 11:40 a.m. EDT) after the United States announced it would double the amount of tariffs imposed on steel and aluminum imported to the U.S. from Turkey.

Hot Tech Stocks To Buy For 2019: AirMedia Group Inc(AMCN)

Advisors' Opinion:
  • [By Paul Ausick]

    AirMedia Group Inc. (NASDAQ: AMCN) posted a 52-week low of $1.04 after closing down 23% on Wednesday at $1.35. The 52-week high is $3.30. Volume was about 4 million, nearly 20 times the daily average of around 230,000 million shares. The Chinese outdoor advertising company said yesterday that it is terminating a potential go-private transaction.

Hot Tech Stocks To Buy For 2019: Amgen Inc.(AMGN)

Advisors' Opinion:
  • [By Keith Speights]

    It's a big drugmaker with a blockbuster immunology drug as its top-selling product. It pays an attractive dividend. And it faces some uncertainties. This description fits Amgen (NASDAQ:AMGN), but it applies just as well to Johnson & Johnson (NYSE:JNJ).

  • [By Chris Lange]

    Amgen Inc. (NASDAQ: AMGN) saw its short interest fall slightly to 10.61 million shares from the previous level of 10.72 million. Shares were last seen at $184.59, in a 52-week trading range of $163.31 to $201.23.

  • [By Max Byerly]

    Gables Capital Management Inc. purchased a new stake in Amgen, Inc. (NASDAQ:AMGN) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,023 shares of the medical research company’s stock, valued at approximately $174,000.

Hot Tech Stocks To Buy For 2019: JinkoSolar Holding Company Limited(JKS)

Advisors' Opinion:
  • [By Jason Hall]

    What a difference one year -- and some major government policies -- can make. In 2017, shares of SunPower (NASDAQ:SPWR), Canadian Solar Inc. (NASDAQ:CSIQ), JinkoSolar Holding Co., Ltd. (NYSE:JKS), and First Solar, Inc. (NASDAQ:FSLR) investors enjoyed solid gains of 28%, 38%, 58% and 110% respectively. 

  • [By Ethan Ryder]

    ValuEngine cut shares of JinkoSolar (NYSE:JKS) from a hold rating to a sell rating in a report issued on Wednesday morning.

    A number of other research firms have also issued reports on JKS. Roth Capital upgraded JinkoSolar from a neutral rating to a buy rating and decreased their target price for the company from $20.00 to $11.50 in a report on Monday, February 4th. Goldman Sachs Group upgraded JinkoSolar from a neutral rating to a buy rating and set a $20.00 target price for the company in a report on Monday, February 4th. Williams Capital initiated coverage on JinkoSolar in a report on Wednesday, December 19th. They issued a sell rating and a $1.00 target price for the company. Zacks Investment Research upgraded JinkoSolar from a hold rating to a buy rating and set a $18.00 target price for the company in a report on Wednesday, February 6th. Finally, Credit Suisse Group reiterated a neutral rating on shares of JinkoSolar in a report on Tuesday, November 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of $12.58.

  • [By Stephan Byrd]

    JinkoSolar Holding Co., Ltd. (NYSE:JKS) has received a consensus rating of “Hold” from the eleven brokerages that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $15.80.

  • [By Travis Hoium]

    Shares of JinkoSolar Holding Co. (NYSE:JKS) plunged as much as 27.5% in trading Monday after announcing second-quarter 2018 results. The stock recovered some of the losses but was still down 13.3% at 11:10 a.m. EDT.

Tuesday, March 12, 2019

Jefferies Financial Group Weighs in on Abercrombie & Fitch Co.’s FY2020 Earnings (ANF)

Abercrombie & Fitch Co. (NYSE:ANF) – Equities research analysts at Jefferies Financial Group increased their FY2020 earnings estimates for Abercrombie & Fitch in a report released on Wednesday, March 6th. Jefferies Financial Group analyst J. Stichter now expects that the apparel retailer will post earnings per share of $1.48 for the year, up from their previous forecast of $1.09. Jefferies Financial Group also issued estimates for Abercrombie & Fitch’s FY2021 earnings at $1.58 EPS.

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Abercrombie & Fitch (NYSE:ANF) last issued its earnings results on Wednesday, March 6th. The apparel retailer reported $1.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.20. Abercrombie & Fitch had a net margin of 1.43% and a return on equity of 7.23%. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the company posted $1.38 earnings per share. The firm’s revenue was down 3.1% compared to the same quarter last year.

Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada raised their target price on shares of Abercrombie & Fitch to $27.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Argus lifted their price objective on shares of Abercrombie & Fitch to $28.00 and gave the company a “buy” rating in a report on Friday. Wedbush lifted their price objective on shares of Abercrombie & Fitch from $17.00 to $19.00 in a report on Friday, December 28th. Zacks Investment Research raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Thursday, March 7th. Finally, Wolfe Research reaffirmed an “underperform” rating and issued a $18.00 price objective (down previously from $20.00) on shares of Abercrombie & Fitch in a report on Tuesday, January 15th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $23.36.

Shares of Abercrombie & Fitch stock opened at $26.64 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.19 and a quick ratio of 1.22. Abercrombie & Fitch has a 1 year low of $15.28 and a 1 year high of $29.69. The firm has a market cap of $1.69 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 1.36 and a beta of 0.62.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Friday, March 8th will be issued a $0.20 dividend. The ex-dividend date is Thursday, March 7th. This represents a $0.80 dividend on an annualized basis and a yield of 3.00%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its holdings in Abercrombie & Fitch by 8.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,197 shares of the apparel retailer’s stock valued at $204,000 after buying an additional 763 shares in the last quarter. ClariVest Asset Management LLC increased its stake in shares of Abercrombie & Fitch by 0.9% during the fourth quarter. ClariVest Asset Management LLC now owns 101,000 shares of the apparel retailer’s stock worth $2,025,000 after purchasing an additional 900 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Abercrombie & Fitch by 0.9% during the fourth quarter. Nordea Investment Management AB now owns 101,000 shares of the apparel retailer’s stock worth $2,025,000 after purchasing an additional 900 shares in the last quarter. Texas Permanent School Fund increased its stake in shares of Abercrombie & Fitch by 2.2% during the fourth quarter. Texas Permanent School Fund now owns 43,087 shares of the apparel retailer’s stock worth $864,000 after purchasing an additional 946 shares in the last quarter. Finally, Commonwealth Bank of Australia increased its stake in shares of Abercrombie & Fitch by 12.0% during the fourth quarter. Commonwealth Bank of Australia now owns 20,600 shares of the apparel retailer’s stock worth $413,000 after purchasing an additional 2,200 shares in the last quarter.

About Abercrombie & Fitch

Abercrombie & Fitch Co, through its subsidiaries, operates as a specialty retailer. The Company operates in two segments, Hollister and Abercrombie. It offers apparel, intimates, personal care products, and accessories for men, women, and kids under the Hollister, Abercrombie & Fitch, abercrombie kids, and Gilly Hicks brand names.

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Earnings History and Estimates for Abercrombie & Fitch (NYSE:ANF)

Sunday, March 10, 2019

PPDAI Group (PPDF) Trading Down 4.3%

PPDAI Group Inc – (NYSE:PPDF) traded down 4.3% during trading on Thursday . The stock traded as low as $4.70 and last traded at $4.92. 997,098 shares were traded during mid-day trading, an increase of 12% from the average session volume of 887,427 shares. The stock had previously closed at $5.14.

Several equities research analysts have commented on the company. ValuEngine lowered PPDAI Group from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Zacks Investment Research upgraded PPDAI Group from a “hold” rating to a “buy” rating and set a $3.75 price objective on the stock in a research report on Tuesday, February 12th. Finally, Morgan Stanley assumed coverage on PPDAI Group in a research report on Tuesday, December 11th. They issued a “weight” rating and a $6.00 price objective on the stock.

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Several hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC acquired a new position in shares of PPDAI Group during the 4th quarter worth approximately $304,000. Greenspring Associates Inc. acquired a new position in shares of PPDAI Group during the 4th quarter worth approximately $233,000. FMR LLC raised its stake in shares of PPDAI Group by 65.3% during the 4th quarter. FMR LLC now owns 5,151,344 shares of the company’s stock worth $18,545,000 after buying an additional 2,035,066 shares during the period. Millennium Management LLC acquired a new position in shares of PPDAI Group during the 4th quarter worth approximately $327,000. Finally, Massachusetts Institute of Technology acquired a new position in shares of PPDAI Group during the 4th quarter worth approximately $871,000. 7.37% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “PPDAI Group (PPDF) Trading Down 4.3%” was originally reported by Ticker Report and is owned by of Ticker Report. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at https://www.tickerreport.com/banking-finance/4204819/ppdai-group-ppdf-trading-down-4-3.html.

PPDAI Group Company Profile (NYSE:PPDF)

PPDAI Group Inc, an investment holding company, operates an online consumer finance marketplace through its platform in the People's Republic of China. It provides services to match borrowers with investors and facilitate loan transactions on its marketplace through the lifecycle of loans. The company offers standard and other loan products; and investment services to investors.

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