Smart Share Global Limited (NYSE:EM - Get Free Report) was down 0.9% during trading on Thursday . The stock traded as low as $1.12 and last traded at $1.13. Approximately 298,001 shares traded hands during trading, an increase of 17% from the average daily volume of 254,684 shares. The stock had previously closed at $1.14.
Analyst Ratings Changes
Separately, Citigroup reiterated a "neutral" rating and set a $1.25 target price (up from $1.00) on shares of Smart Share Global in a research note on Wednesday, June 18th.
Check Out Our Latest Research Report on Smart Share Global
Smart Share Global Stock Performance
The stock has a market capitalization of $283.97 million, a price-to-earnings ratio of 37.35 and a beta of 0.67. The company has a fifty day simple moving average of $1.11 and a two-hundred day simple moving average of $1.09.
Hedge Funds Weigh In On Smart Share Global
A hedge fund recently bought a new stake in Smart Share Global stock. Virtu Financial LLC bought a new position in Smart Share Global Limited (NYSE:EM - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 51,599 shares of the company's stock, valued at approximately $58,000. 83.96% of the stock is currently owned by institutional investors and hedge funds.
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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