Renren (NYSE:RENN) Stock Crosses Above Two Hundred Day Moving Average of $1.24
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%.
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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