Smart Share Global Limited (NYSE:EM - Get Free Report) shares shot up 0.4% during mid-day trading on Friday . The stock traded as high as $1.17 and last traded at $1.16. 259,132 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 393,914 shares. The stock had previously closed at $1.15.
Analysts Set New Price Targets
Separately, Citigroup reiterated a "neutral" rating and issued a $1.25 target price (up from $1.00) on shares of Smart Share Global in a research note on Wednesday, June 18th.
View Our Latest Report on Smart Share Global
Smart Share Global Trading Up 0.4%
The company has a market cap of $292.84 million, a PE ratio of 38.51 and a beta of 0.67. The firm's fifty day moving average is $1.12 and its 200 day moving average is $1.11.
Institutional Investors Weigh In On Smart Share Global
Several institutional investors and hedge funds have recently added to or reduced their stakes in EM. MASO CAPITAL PARTNERS Ltd purchased a new stake in Smart Share Global in the 1st quarter worth $2,948,000. Palliser Capital UK Ltd increased its holdings in Smart Share Global by 23.8% in the 2nd quarter. Palliser Capital UK Ltd now owns 7,373,915 shares of the company's stock worth $8,406,000 after acquiring an additional 1,419,335 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Smart Share Global in the 1st quarter worth $58,000. Hedge funds and other institutional investors own 83.96% of the company's stock.
Smart Share Global Company Profile
(
Get Free Report)
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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