Momo Inc (NASDAQ:MOMO) reached a new 52-week high on Monday . The company traded as high as $22.83 and last traded at $21.97, with a volume of 5,962,271 shares changing hands. 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 cap of $4.28 billion and a price-to-earnings ratio of 161.50. The company has a 50-day moving average of $15.39 and a 200 day moving average of $13.51.

Momo (NASDAQ:MOMO) last issued its earnings results on Tuesday, August 16th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.04. The firm earned $99 million during the quarter, compared to analyst estimates of $30.70 million. On average, analysts anticipate 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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