Qutoutiao (NASDAQ:QTT) Reaches New 52-Week Low at $2.73

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Qutoutiao Inc – (NASDAQ:QTT) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $2.73 and last traded at $2.80, with a volume of 5666 shares trading hands. The stock had previously closed at $2.98.

Separately, Zacks Investment Research upgraded shares of Qutoutiao from a “sell” rating to a “hold” rating in a research note on Wednesday, October 23rd.

The stock has a market cap of $807.35 million, a P/E ratio of -1.34 and a beta of 0.68. The firm has a 50 day simple moving average of $3.43 and a 200-day simple moving average of $4.07. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 2.47.

Qutoutiao (NASDAQ:QTT) last issued its earnings results on Wednesday, September 4th. The company reported ($0.32) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by ($0.03). The business had revenue of $203.18 million for the quarter, compared to the consensus estimate of $206.40 million. Qutoutiao had a negative return on equity of 225.76% and a negative net margin of 55.72%. On average, equities analysts anticipate that Qutoutiao Inc – will post -1.44 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of QTT. Bank of Montreal Can acquired a new stake in Qutoutiao during the 2nd quarter valued at $59,000. Public Employees Retirement System of Ohio acquired a new position in shares of Qutoutiao in the second quarter valued at $59,000. Enlightenment Research LLC bought a new position in shares of Qutoutiao in the second quarter valued at about $66,000. Vanguard Group Inc. bought a new position in shares of Qutoutiao in the second quarter valued at about $75,000. Finally, NumerixS Investment Technologies Inc acquired a new stake in shares of Qutoutiao during the 2nd quarter worth about $94,000. Institutional investors and hedge funds own 5.15% of the company’s stock.

Qutoutiao Company Profile (NASDAQ:QTT)

Qutoutiao Inc operates mobile platforms for the distribution, consumption, and sharing of light entertainment content in the People's Republic of China. The company operates Qutoutiao, a mobile application that aggregates articles and short videos from professional media and freelancers and presents customized feeds to users; and Quduopai, a mobile application that allows users to create, upload, and view videos.

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