Dallas, Texas 08/22/2014 (FINANCIALSTRENDS) – China Finance Online Co. Limited (NASDAQ:JRJC) has been seeing a bullish wave since the early weeks of August. The anticipation is that the stock price will improve significantly, given the performance of the equity markets in the recent times, in China.
The company at that time did post of very positive technical composition as well. Further, as one the entrants and service provider in the financial segment in the burgeoning Chinese investment market, the bullish wave was justified.
And by 20 August, the anticipated build-up did realise. The company’s shares were found to be soaring high, as per its official communique. It also reiterated it’s online security features, pitching it as one of the first line of services. But it does appear to be in contradiction to Tencent’s latest, which beat JRJC on the same factors. Though in the announcement there was lack of details on the technical aspects of the platform, there is a sense of wait for most to review the genre of features China Finance Online Co. Limited (NASDAQ:JRJC) will offer as opposed to established players.
With the financial results announcement round the corner, it is expected that the company will post a formidable return statement.
The net revenues for the second quarter are expected to be winners. In the first quarter, the company had reported an increase of 321% when a year to year comparison was applied.
Besides, there is market anticipation that the company may announce its record-breaking second quarter results, much before time as well.
China Finance Online Co. Limited (NASDAQ:JRJC) at last glance, and when compared to other peers in its group did throw up some aspects of undervaluation which have pushed the prices per share to the region of $20.