Moatable, Inc. (NYSE:MTBLY – Get Free Report)’s stock price shot up 4.5% on Tuesday. The company traded as high as $0.70 and last traded at $0.70. Approximately 1,006 shares were traded during trading, a decline of 54% from the average daily volume of 2,171 shares. The stock had previously closed at $0.67.
Moatable Stock Performance
The firm has a market capitalization of $11.82 million, a price-to-earnings ratio of -7.20 and a beta of 9.65. The company’s fifty day moving average price is $0.59 and its 200 day moving average price is $0.40.
About Moatable
Moatable, Inc (NYSE: MTBLY), formerly known as Meten Holding Group Ltd., is a China-based company that has historically focused on English-language education and related services. Its operations have included adult and junior English training delivered through online and offline learning formats.
The company has operated education brands including Likeshuo and ABC, offering language instruction to students and working professionals. Its related services have included overseas study consulting and other education-support activities.
Moatable was founded in 2006 and is headquartered in Shenzhen, China.
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