Bitauto Hldg (BITA) Receives News Impact Rating of 0.31

Bitauto Hldg (BITA) Receives News Impact Rating of 0.31

Shares of Bitauto Hldg (NYSE BITA) opened at 29.25 on Tuesday. The stock’s market capitalization is $2.25 billion. Bitauto Hldg has a 1-year low of $16.56 and a 1-year high of $34.18. The firm has a 50-day moving average of $28.31 and a 200 day moving average of $23.29.

News stories about Bitauto Hldg (NYSE:BITA) have trended positive recently, Alpha One Sentiment reports. Alpha One, a service of Accern, scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Bitauto Hldg earned a coverage optimism score of 0.31 on Alpha One’s scale. Alpha One also assigned media coverage about the information services provider an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the immediate future.

Bitauto Hldg (NYSE:BITA) last issued its quarterly earnings results on Wednesday, March 1st. The information services provider reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.04. The firm had revenue of $251.90 million during the quarter, compared to analysts’ expectations of $237.50 million. Bitauto Hldg had a negative net margin of 10.04% and a positive return on equity of 3.22%. During the same quarter last year, the company posted $0.25 EPS. On average, equities analysts anticipate that Bitauto Hldg will post $1.00 earnings per share for the current fiscal year.

BITA has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Bitauto Hldg from a “buy” rating to a “hold” rating in a research note on Monday, January 30th. HSBC Holdings plc reissued a “buy” rating and set a $33.00 price objective (up from $27.00) on shares of Bitauto Hldg in a research note on Wednesday, May 17th.

About Bitauto Hldg

Bitauto Holdings Limited is a provider of Internet content and marketing services for China’s automotive industry. The Company’s bitauto.com and taoche.com Websites provide consumers with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BITA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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