Baidu (BIDU) Sets New 1-Year Low at $174.66
Baidu Inc (NASDAQ:BIDU) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $174.66 and last traded at $180.75, with a volume of 196383 shares changing hands. The stock had previously closed at $182.66.
A number of equities research analysts have issued reports on the stock. Credit Suisse Group set a $246.00 price objective on shares of Baidu and gave the company a “buy” rating in a report on Wednesday, October 31st. Zacks Investment Research lowered shares of Baidu from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine lowered shares of Baidu from a “hold” rating to a “sell” rating in a report on Thursday, September 6th. BidaskClub lowered shares of Baidu from a “sell” rating to a “strong sell” rating in a report on Friday, August 31st. Finally, Nomura cut their price objective on shares of Baidu from $283.00 to $206.00 and set a “neutral” rating for the company in a report on Thursday, November 1st. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $277.15.
The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.24. The stock has a market cap of $62.66 billion, a P/E ratio of 22.28, a P/E/G ratio of 0.96 and a beta of 1.60.
Baidu Company Profile (NASDAQ:BIDU)
Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors, such as search and browsing, and their demographics; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.
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