Qutoutiao Inc (NASDAQ:QTT) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $4.91 and last traded at $5.11, with a volume of 334305 shares changing hands. The stock had previously closed at $5.38.

Several equities research analysts have issued reports on QTT shares. KeyCorp started coverage on Qutoutiao in a report on Tuesday, October 9th. They set an “overweight” rating and a $11.00 price target for the company. Deutsche Bank started coverage on Qutoutiao in a report on Thursday, October 11th. They set a “hold” rating and a $8.00 price target for the company. Finally, Citigroup started coverage on Qutoutiao in a report on Thursday, October 18th. They set a “neutral” rating and a $8.40 price target for the company.

Qutoutiao (NASDAQ:QTT) last posted its earnings results on Monday, November 12th. The company reported ($0.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.21). The firm had revenue of $142.28 million during the quarter, compared to the consensus estimate of $131.40 million. Equities research analysts forecast that Qutoutiao Inc will post -1.86 earnings per share for the current fiscal year.

An institutional investor recently bought a new position in Qutoutiao stock. Citadel Advisors LLC bought a new position in shares of Qutoutiao Inc (NASDAQ:QTT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 65,418 shares of the company’s stock, valued at approximately $466,000. Institutional investors own 0.03% of the company’s stock.

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Qutoutiao Company Profile (NASDAQ:QTT)

Qutoutiao Inc develops an application for news in China. Qutoutiao Inc was formerly known as Qtech Ltd. and changed its name to Qutoutiao Inc in July 2018. The company was founded in 2016 and is based in Shanghai, China.

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