Citigroup restated their neutral rating on shares of Smart Share Global (NYSE:EM - Free Report) in a report issued on Wednesday morning, MarketBeat reports. Citigroup currently has a $1.25 target price on the stock, up from their prior target price of $1.00.
Smart Share Global Stock Performance
Shares of EM stock traded down $0.02 on Wednesday, reaching $1.11. The stock had a trading volume of 73,342 shares, compared to its average volume of 253,656. The stock has a market cap of $281.43 million, a P/E ratio of 37.01 and a beta of 0.65. Smart Share Global has a 1 year low of $0.50 and a 1 year high of $1.17. The company has a 50 day simple moving average of $1.09 and a 200 day simple moving average of $1.04.
Hedge Funds Weigh In On Smart Share Global
A hedge fund recently bought a new stake in Smart Share Global stock. MASO CAPITAL PARTNERS Ltd purchased a new position in Smart Share Global Limited (NYSE:EM - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,632,260 shares of the company's stock, valued at approximately $2,948,000. Smart Share Global comprises 4.5% of MASO CAPITAL PARTNERS Ltd's holdings, making the stock its 5th largest position. MASO CAPITAL PARTNERS Ltd owned approximately 1.01% of Smart Share Global as of its most recent filing with the Securities and Exchange Commission. 83.96% of the stock is currently owned by institutional investors.
About Smart Share Global
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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 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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