Qutoutiao (QTT) Trading 10.1% Higher

Qutoutiao Inc (NASDAQ:QTT) shares traded up 10.1% during trading on Thursday . The company traded as high as $6.14 and last traded at $5.99. 964,048 shares were traded during mid-day trading, a decline of 53% from the average session volume of 2,040,584 shares. The stock had previously closed at $5.44.

A number of research analysts have recently commented on the stock. Citigroup began coverage on shares of Qutoutiao in a report on Thursday, October 18th. They issued a “neutral” rating and a $8.40 target price for the company. KeyCorp began coverage on shares of Qutoutiao in a report on Tuesday, October 9th. They issued an “overweight” rating and a $11.00 price objective for the company. Finally, Deutsche Bank began coverage on shares of Qutoutiao in a report on Thursday, October 11th. They issued a “hold” rating and a $8.00 price objective for the company.

About Qutoutiao (NASDAQ:QTT)

Qutoutiao Inc develops an application for news in China. Qutoutiao Inc was formerly known as Qtech Ltd. and changed its name to Qutoutiao Inc in July 2018. The company was founded in 2016 and is based in Shanghai, China.

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