Mail.ru Group (OTCMKTS:MLRYY) Shares Down 4.8%

Shares of Mail.ru Group Limited (OTCMKTS:MLRYY) traded down 4.8% during mid-day trading on Monday . The stock traded as low as $20.55 and last traded at $20.55. 1,157 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 1,430 shares. The stock had previously closed at $21.58.

Separately, JPMorgan Chase & Co. lowered their target price on Mail.ru Group from $29.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, July 30th.

The company has a market cap of $4.92 billion, a PE ratio of -28.94 and a beta of 0.74. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.29. The business has a 50-day simple moving average of $20.77 and a 200-day simple moving average of $22.08.

About Mail.ru Group (OTCMKTS:MLRYY)

Mail.ru Group Limited operates as an Internet company in primarily in Russia and other CIS states. The company operates through Communications and Social, Games, and New Initiatives segments. It operates Cloud Mail.ru, a service to store files in the cloud; Search Mail.ru, a search engine; Youla, a location-based marketplace; and Delivery Club, food delivery service, as well as VK, OK, and My World social networks.

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