Sina Corp. (SINA) Sees Large Volume Increase
Sina Corp. (NASDAQ:SINA) shares saw unusually-strong trading volume on Monday . Approximately 1,370,633 shares traded hands during mid-day trading, an increase of 10% from the previous session’s volume of 1,246,823 shares.The stock last traded at $75.30 and had previously closed at $73.46.
A number of analysts have issued reports on SINA shares. Zacks Investment Research cut shares of Sina Corp. from a “buy” rating to a “hold” rating in a research note on Friday, May 20th. Brean Capital reiterated a “buy” rating on shares of Sina Corp. in a research note on Tuesday, June 7th. Finally, Citigroup Inc. started coverage on shares of Sina Corp. in a research note on Friday, August 5th. They issued a “buy” rating and a $69.00 target price for the company. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $57.03.
The company has a market cap of $5.26 billion and a price-to-earnings ratio of 60.77. The stock has a 50-day moving average price of $61.09 and a 200 day moving average price of $51.77.
Sina Corp. (NASDAQ:SINA) last posted its earnings results on Monday, August 8th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.12. The business had revenue of $244 million for the quarter, compared to the consensus estimate of $231.09 million. Sina Corp.’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 earnings per share. On average, equities research analysts expect that Sina Corp. will post $1.08 EPS for the current fiscal year.
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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