Aurora Mobile (NASDAQ:JG) Shares Down 2.6% - Here's What Happened

Aurora Mobile Limited (NASDAQ:JG - Get Free Report)'s share price dropped 2.6% during mid-day trading on Wednesday . The company traded as low as $10.90 and last traded at $10.90. Approximately 47,114 shares traded hands during trading, a decline of 78% from the average daily volume of 214,830 shares. The stock had previously closed at $11.19.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Aurora Mobile from a "hold" rating to a "buy" rating in a report on Friday.

Aurora Mobile Trading Up 1.2%

The firm has a market cap of $70.50 million, a price-to-earnings ratio of -21.75 and a beta of 1.27. The firm's 50-day moving average is $9.23 and its 200-day moving average is $8.69.

Aurora Mobile (NASDAQ:JG - Get Free Report) last posted its earnings results on Thursday, May 29th. The company reported ($0.06) EPS for the quarter. Aurora Mobile had a negative return on equity of 9.17% and a negative net margin of 7.99%. The business had revenue of $12.26 million for the quarter.

Institutional Investors Weigh In On Aurora Mobile

A hedge fund recently bought a new stake in Aurora Mobile stock. Citadel Advisors LLC acquired a new position in shares of Aurora Mobile Limited (NASDAQ:JG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,449 shares of the company's stock, valued at approximately $75,000. Citadel Advisors LLC owned about 0.18% of Aurora Mobile at the end of the most recent reporting period. Institutional investors and hedge funds own 85.47% of the company's stock.

Aurora Mobile Company Profile

Aurora Mobile Limited, through its subsidiaries, provides a range of developer services in China. The company provides push notification, instant messaging, analytics, sharing and short message service, one-click verification, and other services. The company offers real-time market intelligence solutions, such as product iApp, which provides analysis and statistical results on the usage and trends of mobile apps to investment funds and corporations.