AutoNavi Holdings Ltd Sets New 1-Year High at $18.20 (AMAP)
AutoNavi Holdings Ltd (NASDAQ:AMAP) set a new 52-week high on Tuesday, American Banking & Market News reports. The company traded as high as $18.20 and last traded at $18.13, with a volume of 631,289 shares. The stock had previously closed at $17.84.
A number of research firms have recently commented on AMAP. Analysts at TheStreet downgraded shares of AutoNavi Holdings Ltd from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, September 11th. Separately, analysts at Nomura reiterated a “buy” rating on shares of AutoNavi Holdings Ltd in a research note to investors on Tuesday, September 10th. They now have a $17.00 price target on the stock. Finally, analysts at Oppenheimer cut their price target on shares of AutoNavi Holdings Ltd from $22.00 to $18.00 in a research note to investors on Friday, August 30th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $14.26.
AutoNavi Holdings Ltd has a 1-year low of $9.65 and a 1-year high of $17.95. The stock has a 50-day moving average of $13.70 and a 200-day moving average of $12.14. The company has a market cap of $916.7 million and a P/E ratio of 34.44.
AutoNavi Holdings Ltd (NASDAQ:AMAP) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.05. The company had revenue of $38.20 million for the quarter, compared to the consensus estimate of $42.89 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. Analysts expect that AutoNavi Holdings Ltd will post $0.30 EPS for the current fiscal year.
AutoNavi Holdings Limited (NASDAQ:AMAP) through its subsidiaries is primarily engaged in providing digital map content, navigation and location-based solutions in the People’s Republic of China.
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