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

Separately, Zacks Investment Research raised Momo from a “sell” rating to a “hold” rating in a research note on Tuesday, August 2nd.

The firm has a 50-day moving average price of $13.78 and a 200-day moving average price of $12.96. The stock has a market cap of $3.74 billion and a price-to-earnings ratio of 140.86.

Momo (NASDAQ:MOMO) last issued its earnings results on Tuesday, August 16th. The company reported $0.12 EPS for the quarter, topping the Zacks’ 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. On average, analysts anticipate 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 enables users to establish social relationships based on location and interests. Its 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.

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