Kingway Financial Services (KFS, Financial) experienced a significant stock decline of 5.13%, with its price dropping to $8.88 per share. The trading volume was 10,616 shares, showing a turnover rate of 0.04% and a price fluctuation amplitude of 5.24%.
Recent financial reports indicate that KFS reported a revenue of $28.54 million with a net loss of $2.67 million, translating to an earnings per share of -$0.10. Currently, no institutional ratings or recommendations such as 'buy', 'hold', or 'sell' have been made for KFS.
The automotive retail industry, where KFS operates, recorded an overall increase of 2.13%. Within this sector, stocks such as Cango Inc., Zhixing Group, and Nine Energy Service showed notable gains. Stocks like Kaixin Auto, Zhixing Group, and Cheetah Net Supply Chain Service Inc. were particularly active, with turnover rates of 15.77%, 4.07%, and 2.87% respectively. Zhixing Group, Uxin Limited, and Cango Inc. displayed significant amplitude fluctuations of 23.46%, 15.25%, and 12.94% respectively.
Kingway Financial Services operates in the U.S. through its subsidiaries in the extended warranty and commercial services sectors. The company generates most of its income in the form of service fees and commissions from its extended warranty division, which provides aftermarket vehicle protection services distributed by credit unions.
