Bitauto Hldg Target of Unusually High Options Trading (BITA)
Bitauto Hldg (NASDAQ:BITA) was the recipient of some unusual options trading activity on Tuesday. Stock traders purchased 8,602 put options on the stock, StockRatingsNetwork.com reports. This represents an increase of 390% compared to the average daily volume of 1,757 put options.
Several analysts have recently commented on the stock. Analysts at Brean Capital initiated coverage on shares of Bitauto Hldg in a research note on Monday. They set a “buy” rating and a $95.00 price target on the stock. Separately, analysts at Oppenheimer raised their price target on shares of Bitauto Hldg from $45.00 to $78.00 in a research note on Tuesday, August 12th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks upgraded shares of Bitauto Hldg from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 31st. They now have a $57.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Bitauto Hldg has a consensus rating of “Buy” and an average price target of $76.67.
Shares of Bitauto Hldg (NASDAQ:BITA) traded down 0.06% on Tuesday, hitting $82.23. The stock had a trading volume of 3,398,862 shares. Bitauto Hldg has a 52-week low of $13.60 and a 52-week high of $82.63. The stock has a 50-day moving average of $57.44 and a 200-day moving average of $42.8. The company has a market cap of $3.411 billion and a P/E ratio of 65.98.
Bitauto Hldg (NASDAQ:BITA) last released its earnings data on Monday, August 11th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.09. The company had revenue of $84.20 million for the quarter, compared to the consensus estimate of $79.40 million. Analysts expect that Bitauto Hldg will post $1.70 EPS for the current fiscal year.
Bitauto Holdings Limited (NASDAQ:BITA) is a holding company.
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