36Kr (NASDAQ:KRKR) Stock Price Up 2.2% – Time to Buy?

36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) shot up 2.2% on Wednesday . The company traded as high as $2.99 and last traded at $2.9640. 3,855 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 10,156 shares. The stock had previously closed at $2.90.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of 36Kr in a report on Friday, July 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

36Kr Stock Performance

The firm has a market cap of $5.84 million, a P/E ratio of -0.87 and a beta of 0.50. The firm’s fifty day simple moving average is $2.92 and its 200 day simple moving average is $3.56.

36Kr Company Profile

Beijing 36Kr Holdings Inc, known as 36Kr (NASDAQ:KRKR), is a China‐based digital media and services platform focused on the coverage and support of new economy enterprises. The company delivers news, in‐depth analysis and research on technology startups, venture capital trends and innovation across the Chinese market. Its flagship online portal and mobile applications serve as primary channels for entrepreneurs, investors and industry professionals seeking timely information on emerging businesses and disruptive technologies.

In addition to editorial content, 36Kr offers a suite of subscription‐based membership services that provide premium research reports, proprietary databases and exclusive interviews with founders and investors.