Bitauto Hldg Ltd (ADR)(NYSE:BITA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $209.40M. Analysts estimated a revenue of $203.59M. Earnings per share were $0.20. Analysts had estimated an EPS of $0.30.
In a different note, Macquarie said it Initiates Coverage on Bitauto Hldg Ltd (ADR), according to a research note issued on Jul 8, 2016. The shares have been rated ‘Outperform’ by the firm. On May 16, 2016, Morgan Stanley said it Downgrades its rating on Bitauto Hldg Ltd (ADR). In the research note, the firm Lowers the price-target to $28.00 per share. The shares have been rated ‘Underweight’ by the firm.
Bitauto Hldg Ltd (ADR) (BITA) made into the market gainers list on Wednesdays trading session with the shares advancing 1.65% or 0.44 points. Due to strong positive momentum, the stock ended at $27.09, which is also near the day’s high of $27.47. The stock began the session at $26.8 and the volume stood at 4,94,760 shares. The 52-week high of the shares is $37.312 and the 52 week low is $16.09. The company has a current market capitalization of $1,916 M and it has 7,07,26,025 shares in outstanding.
Bitauto Holdings Limited (Bitauto) 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. Bitauto operates through three segments: the advertising business the EP platform business and its digital marketing solutions business. The bitauto.com advertising business offers automakers and dealers a range of advertising services through its bitauto.com Website and mobile applications. The EP platform business provides Web-based and mobile-based integrated digital marketing solutions to automobile customers in China. The digital marketing solutions business provides automakers with various digital marketing solutions. The Company’s brand names include bitauto.com and taoche.com.