OppFi Stock Rises 8% On Higher Q4 Revenue, Net Income

(RTTNews) - OppFi Inc. (OPFI) is trading at $10.02, up 7.17 percent or $0.67 on Wedneday, following the release of its fourth-quarter financial results. The company reported total revenue of $135.7 million, a 2.1 percent increase from $132.9 million in the prior year.

The stock opened at $11.25 and has ranged between $9.57 and $11.28 today. It previously closed at $9.35. Current volume is 2.1 million shares, exceeding the average volume of 1.9 million. Its 52-week range spans $2.35 to $17.73.

Net income in the fourth quarter surged 619.7 percent to $14 million compared to lat year' $1.9 million, while adjusted net income rose 140.3 percent to $20.3 million from $8.4 million in the prior year.