Momo Inc (NASDAQ:MOMO) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $20.25 and last traded at $19.86, with a volume of 7,222,878 shares traded. The stock had previously closed at $17.31.

Separately, Zacks Investment Research upgraded shares of Momo from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd.

The company has a market cap of $3.72 billion and a P/E ratio of 140.07. The stock has a 50-day moving average of $14.24 and a 200-day moving average of $13.07.

Momo (NASDAQ:MOMO) last posted its quarterly earnings data on Tuesday, August 16th. The company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.04. The company earned $99 million during the quarter, compared to the consensus estimate of $30.70 million. Analysts forecast that Momo Inc will post $0.25 earnings per share for the current year.

Momo Inc is a holding company. The Company operates Momo, a mobile-based social networking platform. The Company’s Momo platform includes its Momo mobile application and a range of related features, functionalities, tools and services that it provides to users, customers and platform partners. Momo users can maintain their relationships through its private and group communication tools, content creation and sharing functions, as well as the offline social activities promoted on its platform.

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