Bitauto Hldg Hits New 12-Month High at $47.50 (BITA)
Bitauto Hldg (NASDAQ:BITA)’s share price reached a new 52-week high during trading on Thursday , American Banking News reports. The stock traded as high as $47.50 and last traded at $46.00, with a volume of 840,502 shares trading hands. The stock had previously closed at $45.00.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Bitauto Hldg from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 3rd. They now have a $46.60 price target on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of Bitauto Hldg in a research note on Wednesday, April 16th. They set an “outperform” rating on the stock.
The stock’s 50-day moving average is $41.09 and its 200-day moving average is $36.11. The company has a market cap of $1.916 billion and a price-to-earnings ratio of 48.86.
Bitauto Hldg (NASDAQ:BITA) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. The company had revenue of $56.90 million for the quarter, compared to the consensus estimate of $54.30 million. The company’s revenue for the quarter was up 46.6% on a year-over-year basis. On average, analysts predict that Bitauto Hldg will post $1.55 earnings per share for the current fiscal year.
Bitauto Holdings Limited (NASDAQ:BITA) is a holding company.
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