Brokerage Firm Rating Update on Renren (RENN)

Renren (RENN) : Zacks Investment Research ranks Renren (RENN) as 3, which is a Hold recommendation. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. The average broker rating of 1 research analysts is 4, which indicates as a Sell.


The shares have received a consensus rating of Sell for the current week

Renren (NYSE:RENN): stock was range-bound between the intraday low of $1.81 and the intraday high of $1.87 after having opened at $1.84 on Wednesdays session. The stock finally closed in the red at $1.84, a loss of -0.55%. The stock remained in the red for the whole trading day. The total traded volume was 533,723 shares. The stock failed to cross $1.87 in Wednesdays trading. The stocks closing price on Thursday was $1.83.

Renren Inc. operates a real name social networking Internet platform in China. The Company enables users to connect and communicate with each other, share information and user generated content, play online games and enjoy a range of other features and services. Its primary services are: Renren SNS, which includes its main social networking Website and mobile services, and Renren Games, its online games business, available at and on mobile game distribution platforms, such as Apples Appstore. The Company also offers Renren Fenqi, an Internet finance platform that provides installment financing plans to eligible college students to facilitate their purchases of various consumer goods, such as smartphones, consumer electronics, cosmetics and fashion accessories on its marketplace and various selected e-commerce platforms in China.

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