Somewhat Positive News Coverage Somewhat Unlikely to Impact 58.com (WUBA) Share Price
Media headlines about 58.com (NYSE:WUBA) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. 58.com earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the information services provider an impact score of 46.3488551340377 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
WUBA has been the subject of several research analyst reports. Zacks Investment Research cut 58.com from a “strong-buy” rating to a “sell” rating in a research report on Tuesday, October 24th. TheStreet raised 58.com from a “c+” rating to a “b-” rating in a research report on Friday, November 10th. Finally, BidaskClub cut 58.com from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 26th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $55.50.
Shares of 58.com (NYSE WUBA) traded up $1.63 on Tuesday, reaching $84.91. The company had a trading volume of 1,214,642 shares, compared to its average volume of 1,343,917. 58.com has a 1 year low of $27.58 and a 1 year high of $85.04. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $12,360.00, a price-to-earnings ratio of 110.27 and a beta of 2.15.
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58.com Inc is a holding company. The Company’s business consists of its online classifieds and listing platforms. Its online classifieds and listings platforms enable local merchants and consumers to connect, share information and conduct business in China. These platforms include 58, Ganji and Anjuke.
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