Somewhat Positive Media Coverage Somewhat Unlikely to Impact 58.com (WUBA) Stock Price

Media stories about 58.com (NYSE:WUBA) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. 58.com earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news articles about the information services provider an impact score of 47.1173434650756 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

58.com (NYSE:WUBA) traded up $1.45 during mid-day trading on Tuesday, hitting $72.63. The stock had a trading volume of 174,078 shares, compared to its average volume of 1,145,423. The firm has a market cap of $10,453.49, a P/E ratio of 98.47 and a beta of 2.13. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.05. 58.com has a 1-year low of $30.48 and a 1-year high of $87.65.

58.com (NYSE:WUBA) last announced its quarterly earnings results on Sunday, November 12th. The information services provider reported $0.36 earnings per share for the quarter. The firm had revenue of $410.21 million during the quarter. 58.com had a net margin of 7.93% and a return on equity of 4.08%. equities analysts forecast that 58.com will post 1.03 earnings per share for the current year.

A number of brokerages have weighed in on WUBA. Zacks Investment Research lowered 58.com from a “buy” rating to a “hold” rating in a report on Saturday. TheStreet lowered 58.com from a “b-” rating to a “c+” rating in a report on Friday, December 22nd. Finally, BidaskClub lowered 58.com from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. 58.com presently has an average rating of “Hold” and an average target price of $56.60.

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58.com Company Profile

58.com Inc is a holding company. The Company’s business consists of its online classifieds and listing platforms. Its online classifieds and listings platforms enable local merchants and consumers to connect, share information and conduct business in China. These platforms include 58, Ganji and Anjuke.

Insider Buying and Selling by Quarter for 58.com (NYSE:WUBA)

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