Renren (RENN) to Release Earnings on Wednesday
Renren (NYSE:RENN) is set to release its earnings data before the market opens on Wednesday, December 13th.
Renren (NYSE:RENN) opened at $9.52 on Wednesday. Renren has a 52 week low of $6.01 and a 52 week high of $11.98. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.46 and a quick ratio of 1.42.
A hedge fund recently raised its stake in Renren stock. Northern Trust Corp increased its position in shares of Renren Inc. (NYSE:RENN) by 48.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,146 shares of the technology company’s stock after buying an additional 9,523 shares during the quarter. Northern Trust Corp owned about 0.06% of Renren worth $177,000 at the end of the most recent quarter. 2.42% of the stock is owned by hedge funds and other institutional investors.
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Renren Inc operates a real name social networking Internet platform in China. The Company enables users to connect and communicate with each other, share photos, and various features and services. The Company is developing Internet finance business to leverage its social networking services and user base in China, particularly focusing on the audience of college students and young people in China.
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