Zacks Investment Research downgraded Weibo Corp (ADR) (NASDAQ:WB) to Hold in a statement released earlier today.
- Updated: November 30, 2016
Zacks Investment Research has downgraded Weibo Corp (ADR) (NASDAQ:WB) to Hold in a statement released on Wednesday November 30, 2016.
Boasting a price of $51.65, Weibo Corp (ADR) (NASDAQ:WB) traded -0.25% lower on the day. With the last stock price close up 29.24% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Weibo Corp (ADR) has recorded a 50-day average of $48.82 and a two hundred day average of $39.93. Volume of trade was down over the average, with 1,503,444 shares of WB changing hands under the typical 2,024,210
With a total market value of $0, Weibo Corp (ADR) has price-earnings ratio of 95.56 with a one year low of $12.09 and a one year high of $55.93 .
A total of 12 analysts have released a research note on WB. zero firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $23.34.
About Weibo Corp (ADR) (NASDAQ:WB)
Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The Company provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. It operates in two segments: advertising and marketing services and other services. It offers self-expression products that enable its users to express themselves on its platform; social products to promote social interaction between users on its platform; discovery products to help users discover content on its platform, and notifications to notify users on Weibo account activities through short message service (SMS) or push notification on their device. It offers advertising and marketing solutions to enable its customers to promote their brands and conduct marketing activities. It offers its platform partners with tools and application programming interfaces (APIs).
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.