Bitauto Holdings Limited (BITA) Getting Somewhat Favorable News Coverage, Analysis Finds
Media coverage about Bitauto Holdings Limited (NYSE:BITA) has been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Bitauto Holdings Limited earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news stories about the information services provider an impact score of 46.7581735449332 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s analysis:
- UPDATE 1-China’s Yixin Group rises 32 pct in Hong Kong debut (cnbc.com)
- December 2018 Options Now Available For Bitauto Holdings (BITA) (stockoptionschannel.com)
- Bitauto Hldg : Controlled Subsidiary Yixin Completes Global Offering (4-traders.com)
- Bitauto Holdings Ltd (BITA.N) (reuters.com)
- Why Viacom, Diplomat Pharmacy, and Bitauto Holdings Slumped Today (finance.yahoo.com)
BITA has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Bitauto Holdings Limited from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Zacks Investment Research upgraded shares of Bitauto Holdings Limited from a “sell” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Tuesday, October 24th. Finally, ValuEngine upgraded shares of Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd.
Bitauto Holdings Limited (NYSE:BITA) traded down $4.53 during mid-day trading on Thursday, reaching $43.05. 2,657,086 shares of the company’s stock were exchanged, compared to its average volume of 859,346. Bitauto Holdings Limited has a 1 year low of $16.56 and a 1 year high of $54.42. The company has a market capitalization of $3,050.00, a PE ratio of 239.35 and a beta of 3.17.
Bitauto Holdings Limited (NYSE:BITA) last released its quarterly earnings data on Tuesday, August 15th. The information services provider reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.05). Bitauto Holdings Limited had a positive return on equity of 3.85% and a negative net margin of 4.76%. The company had revenue of $320.20 million for the quarter, compared to the consensus estimate of $282.86 million. During the same period last year, the firm earned $0.20 earnings per share. The company’s revenue for the quarter was up 52.9% compared to the same quarter last year. analysts expect that Bitauto Holdings Limited will post -0.28 earnings per share for the current fiscal year.
Bitauto Holdings Limited Company Profile
Bitauto Holdings Limited is a provider of Internet content and marketing services for China’s automotive industry. The Company’s bitauto.com and taoche.com Websites provide consumers with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback.
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