Qutoutiao Inc – (NASDAQ:QTT) traded up 7.1% during mid-day trading on Wednesday . The stock traded as high as $4.38 and last traded at $4.35, 1,808,216 shares were traded during trading. A decline of 15% from the average session volume of 2,123,434 shares. The stock had previously closed at $4.06.
Separately, Zacks Investment Research downgraded Qutoutiao from a “hold” rating to a “sell” rating in a report on Friday, September 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $12.80.
The stock has a market cap of $1.14 billion and a price-to-earnings ratio of -2.07. The business’s fifty day simple moving average is $4.26 and its 200 day simple moving average is $6.83. The company has a debt-to-equity ratio of 2.47, a current ratio of 2.20 and a quick ratio of 2.20.
Qutoutiao Company Profile (NASDAQ:QTT)
Qutoutiao Inc operates mobile platforms for the distribution, consumption, and sharing of light entertainment content in the People's Republic of China. The company operates Qutoutiao, a mobile application that aggregates articles and short videos from professional media and freelancers and presents customized feeds to users; and Quduopai, a mobile application that allows users to create, upload, and view videos.
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