Aurora Mobile (NASDAQ:JG) Trading 3.6% Higher – Here’s Why

Aurora Mobile Limited Sponsored ADR (NASDAQ:JG)’s stock price was up 3.6% on Monday . The stock traded as high as $6.99 and last traded at $6.98. Approximately 7,978 shares changed hands during trading, an increase of 73% from the average daily volume of 4,625 shares. The stock had previously closed at $6.74.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Aurora Mobile in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Aurora Mobile Trading Up 3.6%

The business’s fifty day moving average price is $7.38 and its 200 day moving average price is $9.28. The firm has a market capitalization of $41.88 million, a price-to-earnings ratio of -87.25 and a beta of 0.60.

Aurora Mobile declared that its Board of Directors has initiated a stock buyback program on Thursday, November 13th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Aurora Mobile Company Profile

Aurora Mobile Limited, through its subsidiaries, provides a range of developer services in China. The company provides push notification, instant messaging, analytics, sharing and short message service, one-click verification, and other services. The company offers real-time market intelligence solutions, such as product iApp, which provides analysis and statistical results on the usage and trends of mobile apps to investment funds and corporations.