Bitauto (NYSE:BITA) posted its quarterly earnings data on Tuesday. The information services provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.32), Briefing.com reports. The company had revenue of $355.50 million during the quarter, compared to the consensus estimate of $375.88 million. Bitauto had a negative net margin of 6.16% and a positive return on equity of 2.58%. Bitauto’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 earnings per share. Bitauto updated its Q4 2019
Pre-Market guidance to EPS.
Shares of NYSE:BITA opened at $14.86 on Friday. Bitauto has a 12-month low of $9.46 and a 12-month high of $25.34. The business’s fifty day simple moving average is $15.23 and its 200-day simple moving average is $12.67. The company has a market capitalization of $1.09 billion, a PE ratio of 10.61 and a beta of 0.73. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.26.
A number of equities research analysts recently issued reports on BITA shares. Zacks Investment Research lowered Bitauto from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine raised Bitauto from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 21st. Finally, Bank of America decreased their price target on Bitauto from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. Bitauto presently has an average rating of “Hold” and an average target price of $19.00.
Bitauto Holdings Limited, through its subsidiaries, provides Internet content and marketing services, and transaction services for the automobile industry in the People's Republic of China. It operates in three segments: Advertising and Subscription Business, Transaction Services Business, and Digital Marketing Solutions Business.
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