Shares of Bitauto Hldg Ltd (NYSE:BITA) traded down 5.5% during trading on Friday . The stock traded as low as $11.15 and last traded at $11.16, 626,143 shares traded hands during mid-day trading. A decline of 21% from the average session volume of 792,606 shares. The stock had previously closed at $11.81.

Several brokerages have issued reports on BITA. Bank of America set a $77.00 price target on Zscaler and gave the company a “neutral” rating in a research note on Friday, May 31st. JPMorgan Chase & Co. restated an “overweight” rating on shares of in a research note on Friday, June 28th. Zacks Investment Research cut Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Finally, ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.17.

The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. The firm has a market cap of $832.86 million, a PE ratio of 7.97 and a beta of 1.00. The firm’s 50-day moving average price is $10.52.

Bitauto (NYSE:BITA) last announced its earnings results on Thursday, May 30th. The information services provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.10. Bitauto had a positive return on equity of 1.93% and a negative net margin of 3.57%. The company had revenue of $407.50 million for the quarter, compared to analyst estimates of $368.34 million. During the same quarter in the previous year, the company earned $0.13 earnings per share. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. Sell-side analysts predict that Bitauto Hldg Ltd will post 1.4 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Penserra Capital Management LLC increased its stake in Bitauto by 1.5% during the 1st quarter. Penserra Capital Management LLC now owns 66,763 shares of the information services provider’s stock worth $1,062,000 after buying an additional 965 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of Bitauto during the first quarter valued at approximately $35,000. Wedbush Securities Inc. raised its holdings in shares of Bitauto by 24.8% during the first quarter. Wedbush Securities Inc. now owns 15,100 shares of the information services provider’s stock valued at $240,000 after acquiring an additional 3,000 shares during the period. Quantamental Technologies LLC purchased a new position in Bitauto during the first quarter valued at approximately $90,000. Finally, Segantii Capital Management Ltd bought a new stake in Bitauto in the first quarter worth approximately $92,000. Hedge funds and other institutional investors own 27.87% of the company’s stock.

Bitauto Company Profile (NYSE:BITA)

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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