Bitauto Hldg Ltd Reaches New 12-Month High at $25.42 (BITA)
Bitauto Hldg Ltd (NASDAQ:BITA)’s share price reached a new 52-week high during trading on Thursday, ARN reports. The stock traded as high as $25.42 and last traded at $24.79, with a volume of 1,323,473 shares traded. The stock had previously closed at $23.54.
A number of analysts have recently weighed in on BITA shares. Analysts at Zacks upgraded shares of Bitauto Hldg Ltd from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, October 10th. They now have a $20.90 price target on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Bitauto Hldg Ltd 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 52 week low of $4.21 and a 52 week high of $18.10. The stock’s 50-day moving average is $14.25 and its 200-day moving average is $11.60. The company has a market cap of $1.005 billion and a P/E ratio of 35.67.
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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