Bat Group (NASDAQ:GLG) Downgraded to Strong Sell at ValuEngine

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ValuEngine lowered shares of Bat Group (NASDAQ:GLG) from a sell rating to a strong sell rating in a report released on Monday morning, ValuEngine reports.

Shares of Bat Group stock opened at $1.62 on Monday. Bat Group has a 52 week low of $0.28 and a 52 week high of $4.00. The business has a 50 day moving average price of $1.60 and a 200-day moving average price of $0.92.

Bat Group (NASDAQ:GLG) last announced its earnings results on Thursday, November 14th. The company reported ($0.05) earnings per share (EPS) for the quarter. Bat Group had a negative net margin of 231.71% and a negative return on equity of 105.27%. The company had revenue of $0.57 million for the quarter.

About Bat Group

Bat Group, Inc engages in leasing used cars to individual and corporate customers under the Batcar brand name in Beijing, Tianjin, and Hebei. It also rents cars to other auto rental companies at a discounted rate, as well as provides car pooling services. The company was formerly known as China Bat Group, Inc and changed its name to Bat Group, Inc in June 2019.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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