Qutoutiao Inc – (NASDAQ:QTT) fell 6.7% during mid-day trading on Friday . The stock traded as low as $4.00 and last traded at $4.07, 2,850,492 shares were traded during mid-day trading. An increase of 33% from the average session volume of 2,136,031 shares. The stock had previously closed at $4.36.
Separately, Zacks Investment Research lowered shares of Qutoutiao from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $12.80.
The company has a debt-to-equity ratio of 2.47, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a market cap of $1.15 billion and a P/E ratio of -1.94. The company’s 50 day moving average price is $4.25 and its 200-day moving average price is $6.79.
Qutoutiao Company Profile (NASDAQ:QTT)
Qutoutiao Inc operates mobile platforms for the distribution, consumption, and sharing of light entertainment content in the People's Republic of China. The company operates Qutoutiao, a mobile application that aggregates articles and short videos from professional media and freelancers and presents customized feeds to users; and Quduopai, a mobile application that allows users to create, upload, and view videos.
Recommended Story: Call Option Volume
Receive News & Ratings for Qutoutiao Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qutoutiao and related companies with MarketBeat.com's FREE daily email newsletter.