Bitauto Hldg Ltd Sets New 1-Year High at $18.40 (BITA)
Bitauto Hldg Ltd (NASDAQ:BITA) set a new 52-week high during mid-day trading on Tuesday, AnalystRatingsNetwork reports. The stock traded as high as $18.40 and last traded at $17.87, with a volume of 1,162,606 shares. The stock had previously closed at $16.12.
A number of analysts have recently weighed in on BITA shares. Analysts at Zacks downgraded shares of Bitauto Hldg Ltd (NASDAQ:BITA) from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, September 11th. They now have a $15.30 price target on the stock. 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 Hldg Ltd has a one year low of $4.55 and a one year high of $18.10. The stock has a 50-day moving average of $15.22 and a 200-day moving average of $12.19. The company has a market cap of $708.8 million and a P/E ratio of 24.42.
Bitauto Hldg Ltd (NASDAQ:BITA) last released its earnings data 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. On average, analysts predict that Bitauto Hldg Ltd will post $0.91 earnings per share for the current fiscal year.
Bitauto Holdings Limited (NASDAQ:BITA) is a holding company.
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