Shares of Renren Inc (NYSE:RENN) have earned a consensus broker rating score of 4.00 (Sell) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell recommendation.
Brokerages have set a one year consensus target price of $10.60 for the company, according to Zacks. Zacks has also assigned Renren an industry rank of 199 out of 265 based on the ratings given to its competitors.
Separately, BidaskClub upgraded Renren from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 2nd.
Renren (RENN) traded up $5.89 during midday trading on Thursday, hitting $18.32. The stock had a trading volume of 10,456,899 shares, compared to its average volume of 6,702,450. The company has a market capitalization of $849.42, a P/E ratio of -8.37 and a beta of 0.79. Renren has a 52-week low of $6.01 and a 52-week high of $18.70. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.30 and a current ratio of 1.51.
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Renren Company Profile
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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