Dangdang Given Average Recommendation of “Hold” by Analysts (NASDAQ:DANG)
Dangdang (NASDAQ:DANG) has received a consensus recommendation of “Hold” from the ten analysts that are covering the stock, ARN reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $34.11.
Shares of Dangdang (NASDAQ:DANG) traded up 3.21% during mid-day trading on Wednesday, hitting $10.30. 1,404,713 shares of the company’s stock traded hands. Dangdang has a 52 week low of $3.70 and a 52 week high of $12.19. The stock has a 50-day moving average of $9.92 and a 200-day moving average of $9.53. The company’s market cap is $828.5 million.
A number of analysts have recently weighed in on DANG shares. Analysts at Thomson Reuters/Verus upgraded shares of Dangdang from a “hold” rating to a “buy” rating in a research note on Monday. Analysts at Zacks downgraded shares of Dangdang from an “outperform” rating to a “neutral” rating in a research note on Thursday, January 2nd. They now have a $10.90 price target on the stock.
E-Commerce China Dangdang Inc (NASDAQ:DANG) is a holding company.
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