Renren (NYSE:RENN) Share Price Crosses Above 200-Day Moving Average of $0.00

Renren Inc (NYSE:RENN) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $0.81. Renren shares last traded at $0.80, with a volume of 200 shares changing hands.

Separately, ValuEngine cut shares of Renren from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st.

The firm has a market cap of $55.70 million, a PE ratio of 0.63 and a beta of 0.52. The company’s fifty day moving average price is $0.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.11 and a quick ratio of 0.74.

Renren (NYSE:RENN) last issued its quarterly earnings data on Tuesday, June 11th. The technology company reported ($0.15) earnings per share (EPS) for the quarter. The business had revenue of $110.36 million for the quarter. Renren had a net margin of 17.78% and a negative return on equity of 27.86%.

An institutional investor recently bought a new position in Renren stock. Mercer Global Advisors Inc. ADV purchased a new position in shares of Renren Inc (NYSE:RENN) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,462 shares of the technology company’s stock, valued at approximately $25,000. 1.53% of the stock is owned by hedge funds and other institutional investors.

Renren Company Profile (NYSE:RENN)

Renren Inc operates a social networking Internet platform in the People's Republic of China. It operates through two segments, Renren and Auto Group. The company operates Renren.com and Renren Mobile App that enable users to communicate and stay connected with friends, classmates, family members, and co-workers; and woxiu.com, a PC-based social video platform for users to stream their performances live to viewers.

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