DiDi Global (OTCMKTS:DIDIY) Stock Picked Up by Analysts at Jefferies Financial Group

Investment analysts at Jefferies Financial Group began coverage on shares of DiDi Global (OTCMKTS:DIDIY) in a research note issued on Monday, Marketbeat.com reports. The firm set a “buy” rating on the ride-hailing company’s stock.

DiDi Global Stock Performance

OTCMKTS DIDIY opened at $3.58 on Monday. The business has a fifty day moving average price of $3.63 and a 200 day moving average price of $3.68. DiDi Global has a one year low of $3.30 and a one year high of $6.89. The company has a market cap of $16.32 billion, a P/E ratio of -179.00 and a beta of 0.54.

DiDi Global Company Profile

DiDi Global Inc, formerly known as Didi Chuxing, is a mobility technology company that operates a digital platform connecting passengers with transportation providers. Its services have included ride-hailing, taxi booking, private-car services, carpooling, designated driving, and other forms of urban transportation.

The company has also developed services related to bike and scooter sharing, intercity travel, freight and delivery, vehicle solutions, and transportation technology. DiDi’s operations have historically been concentrated in China, while its international mobility business has served selected markets across Latin America, Asia-Pacific and other regions.

Founded in 2012 through the combination of two Chinese ride-hailing businesses, DiDi expanded rapidly in China and acquired Uber’s China operations in 2016.