Zacks Investment Research upgraded 58.com Inc (ADR) (NYSE:WUBA) to Hold in a statement released earlier today.
- Updated: February 11, 2017
Boasting a price of $33.43, 58.com Inc (ADR) (NYSE:WUBA) traded -2.00% lower on the day. With the last stock price close down -17.32% from the two hundred day average, compared with the S&P 500 Index which has increased 0.06% over the date range. 58.com Inc (ADR) has recorded a 50-day average of $29.41 and a two hundred day average of $39.80. Volume of trade was up over the average, with 3,061,549 shares of WUBA changing hands over the typical 1,404,740
Zacks Investment Research has upgraded 58.com Inc (ADR) (NYSE:WUBA) to Hold in a statement released on Friday February 10, 2017.
With a total market value of $0, 58.com Inc (ADR) has with a one year low of $27.58 and a one year high of $61.59 .
A total of 14 equity analysts have released a research note on WUBA. Three equity analysts rating the company a strong buy, five equity analysts rating the company a buy, two equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $66.57.
Brief Synopsis About 58.com Inc (ADR) (NYSE:WUBA)
58.com Inc. is a holding company. The Company's business consists of its online classifieds and listing platforms. Its online classifieds and listings platforms enable local merchants and consumers to connect, share information and conduct business in China. These platforms include 58, Ganji and Anjuke. 58 and Ganji are online multi-content category-classified advertising platforms, while Anjuke is an online real estate listing platform. In addition, 58 Daojia Inc., its subsidiary, operates a mobile-based closed-loop transactional platform for home services, which directly connects consumers and individual service providers for local services, such as home cleaning, moving services and manicure services provided at home. Its classifieds and listing platforms contain local information for over 480 cities across various content categories, including jobs, real estate, used goods, automotive and yellow pages. It also offers membership, online marketing services and e-commerce services.
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