DiDi Global (OTCMKTS:DIDIY) Stock Rated “Buy” in New Coverage at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of DiDi Global (OTCMKTS:DIDIY) in a research note published on Monday, Marketbeat.com reports. The brokerage issued a buy rating on the ride-hailing company’s stock.

DiDi Global Trading Up 1.4%

OTCMKTS DIDIY opened at $3.63 on Monday. The company’s fifty day simple moving average is $3.64 and its 200-day simple moving average is $3.68. DiDi Global has a 52 week low of $3.30 and a 52 week high of $6.89. The stock has a market cap of $16.55 billion, a P/E ratio of -181.50 and a beta of 0.54.

DiDi Global Company Profile

DiDi Global Inc, formerly known as Didi Chuxing, is a mobility technology company that operates a digital platform connecting passengers with transportation providers. Its services have included ride-hailing, taxi booking, private-car services, carpooling, designated driving, and other forms of urban transportation.

The company has also developed services related to bike and scooter sharing, intercity travel, freight and delivery, vehicle solutions, and transportation technology. DiDi’s operations have historically been concentrated in China, while its international mobility business has served selected markets across Latin America, Asia-Pacific and other regions.

Founded in 2012 through the combination of two Chinese ride-hailing businesses, DiDi expanded rapidly in China and acquired Uber’s China operations in 2016.