Bitauto Holdings Limited (BITA) has risen sharply, recording gains of 10.87% in the past 4 weeks. However, the stock has corrected -5.89% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 11.46% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 4.08% and the 50-Day Moving Average is 6.62%.The 200 Day SMA reached 17.5%
Bitauto Holdings Limited (NYSE:BITA): The stock opened in the green at $30.38 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $30.38 and a low of $29.06 for the day. The stock did not find buyers even at the lows and closed at $29.08 recording a loss of -3.61%. 740,032 shares exchanged hands during the trading day. The stock had closed at $29.08 in the previous days trading.
Bitauto Holdings Limited (BITA) : The most positive equity analysts on Bitauto Holdings Limited (BITA) expects the shares to touch $36, whereas, the least positive believes that the stock will trade at $28 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $33.25 with an expected fluctuation of $3.59 from the mean.
Bitauto Holdings Limited (Bitauto) is a provider of Internet content and marketing services for Chinas automotive industry. The Companys bitauto.com and taoche.com Websites provide consumers with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback. Bitauto operates through three segments: the advertising business, the EP platform business and its digital marketing solutions business. The bitauto.com advertising business offers automakers and dealers a range of advertising services through its bitauto.com Website and mobile applications. The EP platform business provides Web-based and mobile-based integrated digital marketing solutions to automobile customers in China. The digital marketing solutions business provides automakers with various digital marketing solutions. The Companys brand names include bitauto.com and taoche.com.