Bitauto (NYSE:BITA) posted its earnings results on Tuesday. The information services provider reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.32), Briefing.com reports. Bitauto had a positive return on equity of 2.21% and a negative net margin of 4.86%. The business had revenue of $355.50 million for the quarter, compared to the consensus estimate of $375.88 million. During the same period in the previous year, the firm earned $0.53 earnings per share. The company’s revenue was down 6.7% compared to the same quarter last year. Bitauto updated its Q4 2019
Pre-Market guidance to EPS.
BITA opened at $15.00 on Wednesday. Bitauto has a fifty-two week low of $9.46 and a fifty-two week high of $25.34. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 10.71 and a beta of 0.73. The company’s 50 day moving average price is $15.24 and its two-hundred day moving average price is $12.63.
A number of equities research analysts have weighed in on BITA shares. Bank of America reduced their target price on shares of Bitauto from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Zacks Investment Research raised shares of Bitauto from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, ValuEngine raised shares of Bitauto from a “strong sell” rating to a “sell” rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Bitauto has an average rating of “Hold” and a consensus price target of $19.00.
Bitauto Company Profile
Bitauto Holdings Limited, through its subsidiaries, provides Internet content and marketing services, and transaction services for the automobile industry in the People's Republic of China. It operates in three segments: Advertising and Subscription Business, Transaction Services Business, and Digital Marketing Solutions Business.
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