MeetMe Inc (NASDAQ:MEET) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 17, 2016
Yesterday MeetMe Inc (NASDAQ:MEET) traded 0.91% higher at $5.53. The company’s 50-day moving average is $5.79 and its 200-day moving average is $4.98. The last stock close price is up 11.08% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,843,042 shares of the stock were exchanged, down from an average trading volume of 3,360,080
Zacks Investment Research has downgraded MeetMe Inc (NASDAQ:MEET) to Hold in a report released on 10/18/2016.
Previously on 10/06/2016, Zacks Investment Research reported about MeetMe Inc (NASDAQ:MEET) raised the target price from $0.00 to $6.50. At the time, this indicated a possible upside of 0.10%.
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MeetMe Inc has a 52 week low of $2.19 and a 52 week high of $8.11 with a P/E ratio of 8.06 The company’s market cap is currently $0.
About MeetMe Inc (NASDAQ:MEET)
MeetMe, Inc. is a social media technology company that owns and operates the MeetMe mobile applications and meetme.com. The Company is a location-based social network for meeting new people both on the Web and on mobile platforms, including on iPhone, Android, iPad and other tablets that facilitate interactions among users. The Company provides users with access to a menu of resources that promote social interaction, information sharing and other topics of interest. The Company offers online marketing capabilities, which enable marketers to display their advertisements in different formats and in different locations. The Company's social networking products include Profile, Chat and Friends. The Company's social discovery products include Feed, which is the Company's location-based stream communication feature, and Meet. The Company has approximately 4.97 million monthly active users (MAUs) and approximately 1.19 million daily active users (DAUs).
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