Smart Share Global (NYSE:EM - Free Report) had its price target lowered by Citigroup from $1.10 to $1.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the stock.
Smart Share Global Trading Down 1.1 %
EM stock traded down $0.01 during trading on Wednesday, hitting $0.65. 147,147 shares of the stock traded hands, compared to its average volume of 185,330. The stock has a market cap of $168.47 million, a price-to-earnings ratio of 22.97 and a beta of 0.48. Smart Share Global has a one year low of $0.43 and a one year high of $1.14. The company has a 50 day simple moving average of $0.60 and a 200 day simple moving average of $0.62.
Smart Share Global Announces Dividend
The company also recently disclosed a -- dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.0264 dividend. The ex-dividend date of this dividend is Friday, May 31st.
Institutional Trading of Smart Share Global
A hedge fund recently bought a new stake in Smart Share Global stock. Bank of America Corp DE bought a new position in shares of Smart Share Global Limited (NYSE:EM - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 444,860 shares of the company's stock, valued at approximately $494,000. Bank of America Corp DE owned 0.17% of Smart Share Global at the end of the most recent quarter. Institutional investors and hedge funds own 83.96% of the company's stock.
Smart Share Global Company Profile
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Smart Share Global Limited, a consumer tech company, provides mobile device charging services in the People's Republic of China. The company provides mobile device charging services through online and offline networks; and rents and sells power banks. It offers services through its power banks placed in points of interests (POIs) operated by its location partners, such as entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces.
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