Momo Inc (MOMO) Reaches New 52-Week High at $22.83
Momo Inc (NASDAQ:MOMO)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $22.83 and last traded at $21.97, with a volume of 5,962,271 shares traded. The stock had previously closed at $21.60.
Separately, Zacks Investment Research raised Momo from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd.
The firm has a market capitalization of $4.16 billion and a P/E ratio of 156.71. The company has a 50-day moving average price of $14.82 and a 200-day moving average price of $13.22.
Momo (NASDAQ:MOMO) last announced its quarterly earnings data on Tuesday, August 16th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.04. The firm had revenue of $99 million for the quarter, compared to the consensus estimate of $30.70 million. Equities analysts expect that Momo Inc will post $0.25 earnings per share for the current fiscal 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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