Bitauto Hldg Ltd Downgraded to Underperform at Zacks (BITA)
Bitauto Hldg Ltd (NASDAQ:BITA) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Wednesday, StockRatingsNetwork reports. They currently have a $15.30 price target on the stock. Zacks‘ price target points to a potential downside of 7.05% from the stock’s previous close.
Bitauto Hldg Ltd (NASDAQ:BITA) traded up 2.24% during mid-day trading on Wednesday, hitting $16.46. The stock had a trading volume of 354,733 shares. Bitauto Hldg Ltd has a one year low of $4.21 and a one year high of $18.10. The stock has a 50-day moving average of $13.90 and a 200-day moving average of $11.4. The company has a market cap of $650.0 million and a P/E ratio of 24.39.
Bitauto Hldg Ltd (NASDAQ:BITA) last announced its earnings results on Thursday, August 8th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. The company had revenue of $55.10 million for the quarter, compared to the consensus estimate of $53.10 million. Analysts expect that Bitauto Hldg Ltd will post $0.91 EPS for the current fiscal year.
Separately, analysts at Oppenheimer raised their price target on shares of Bitauto Hldg Ltd (NASDAQ:BITA) from $11.00 to $15.00 in a research note to investors on Friday, August 9th. They now have an “outperform” rating on the stock.
Bitauto Holdings Limited (NASDAQ:BITA) is a holding company.
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