Sina Corp. (SINA) Hits New 1-Year High at $55.02
Sina Corp. (NASDAQ:SINA) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $55.02 and last traded at $54.95, with a volume of 389,385 shares. The stock had previously closed at $53.59.
Several brokerages recently issued reports on SINA. Zacks Investment Research cut shares of Sina Corp. from a “buy” rating to a “hold” rating in a report on Tuesday. Brean Capital reaffirmed a “buy” rating on shares of Sina Corp. in a report on Tuesday, June 7th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $50.76.
The firm has a market cap of $3.83 billion and a PE ratio of 69.38. The firm has a 50-day moving average price of $51.30 and a 200-day moving average price of $47.82.
Sina Corp. (NASDAQ:SINA) last issued its quarterly earnings results on Wednesday, May 11th. The company reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.01. The business had revenue of $198.70 million for the quarter, compared to analyst estimates of $189.47 million. During the same quarter in the prior year, the company earned $0.04 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities research analysts anticipate that Sina Corp. will post $0.83 EPS for the current fiscal year.
A hedge fund recently raised its stake in Sina Corp. stock. First Trust Advisors LP boosted its stake in Sina Corp. (NASDAQ:SINA) by 4.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 31,426 shares of the company’s stock after buying an additional 1,352 shares during the period. First Trust Advisors LP owned 0.05% of Sina Corp. worth $1,552,000 at the end of the most recent quarter.
Sina Corporation is an online media company serving China and the global Chinese communities. The Company’s digital media network of SINA.com (portal), SINA mobile (mobile portal and mobile applications) and Weibo (social media) enables Internet users to access professional media and user generated content (UGCs) in multi-media formats from personal computers and mobile devices, and share their interests with friends and acquaintances.
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