Morgan Stanley Lowers 58.com to Underweight (WUBA)
Shares of 58.com (NASDAQ:WUBA) opened at 46.73 on Friday. 58.com has a 52-week low of $21.15 and a 52-week high of $58.89. The stock’s 50-day moving average is $50.48 and its 200-day moving average is $44.89. The company has a market cap of $3.806 billion and a price-to-earnings ratio of 139.37. 58.com also was the recipient of some unusual options trading activity on Thursday. Stock traders bought 4,533 put options on the company. This represents an increase of 560% compared to the average daily volume of 687 put options.
58.com (NASDAQ:WUBA) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.08 by $0.07. The company had revenue of $64.60 million for the quarter, compared to the consensus estimate of $62.70 million. The company’s quarterly revenue was up 84.0% on a year-over-year basis. On average, analysts predict that 58.com will post $0.44 earnings per share for the current fiscal year.
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