Momo (NASDAQ:MOMO) has been upgraded from Equal-Weight to Overweight in a statement by Morgan Stanley earlier today.
- Updated: October 19, 2016
Morgan Stanley has upgraded Momo (NASDAQ:MOMO) from Equal-Weight to Overweight in a report released on 10/19/2016.
On 9/14/2016, Credit Suisse released a statement on Momo (NASDAQ:MOMO) increased the target price from $0.00 to $29.00 that suggested an upside of 0.29%.
Boasting a price of $24.09, Momo (NASDAQ:MOMO) traded 0.04% higher on the day. With the last close up 47.10% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Momo has recorded a 50-day average of $23.66 and a two hundred day average of $16.38. Volume of trade was down over the average, with 1,182,874 shares of MOMO changing hands under the typical 3,183,280
Momo has a 52 week low of $6.72 and a 52 week high of $26.65 with a PE ratio of 172.14 Momo’s market capitalization is currently $0.
Brief Synopsis On Momo (NASDAQ:MOMO)
Momo Inc. is a holding company. The Company operates Momo, a mobile-based social networking platform. The Company's Momo platform includes its Momo mobile application and a range of related features, functionalities, tools and services that it provides to users, customers and platform partners. Momo users can maintain their relationships through its private and group communication tools, content creation and sharing functions, as well as the offline social activities promoted on its platform. It also offers live music and entertainment broadcasts on its Momo platform. The Momo mobile application, which is available on android, iPhone operating system (iOS) and Windows platforms, enables users to establish social relationships based on locations and interests. Momo offers a personal way for users to discover people nearby, and the Company facilitates the connecting, communicating, interacting, and content sharing with others.
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