Renren Inc (NYSE:RENN)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.24 and traded as high as $0.86. Renren shares last traded at $0.86, with a volume of 5,098 shares trading hands.

The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average price of $0.82 and a two-hundred day moving average price of $1.24.

Renren (NYSE:RENN) last announced its quarterly earnings data on Tuesday, June 11th. The technology company reported ($0.15) earnings per share for the quarter. The firm had revenue of $110.36 million during the quarter. Renren had a net margin of 17.78% and a negative return on equity of 27.86%.

Several institutional investors have recently made changes to their positions in RENN. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Renren in the first quarter valued at $30,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Renren by 9.9% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 287,185 shares of the technology company’s stock valued at $279,000 after purchasing an additional 25,901 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Renren by 38.5% during the second quarter. Morgan Stanley now owns 539,121 shares of the technology company’s stock valued at $523,000 after purchasing an additional 149,769 shares during the last quarter. Institutional investors and hedge funds own 1.67% of the company’s stock.

Renren Company Profile (NYSE:RENN)

Renren Inc operates a social networking Internet platform in the People's Republic of China. It operates through two segments, Renren and Auto Group. The company operates Renren.com and Renren Mobile App that enable users to communicate and stay connected with friends, classmates, family members, and co-workers; and woxiu.com, a PC-based social video platform for users to stream their performances live to viewers.

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