The stock of Bitauto Hldg Ltd (ADR) (NYSE:BITA) is a huge mover today! About 340,950 shares traded hands. Bitauto Hldg Ltd (ADR) (NYSE:BITA) has risen 19.87% since March 8, 2016 and is uptrending. It has outperformed by 10.55% the S&P500.
The move comes after 5 months negative chart setup for the $1.73 billion company. It was reported on Oct, 11 by Barchart.com. We have $25.62 PT which if reached, will make NYSE:BITA worth $155.70 million less.
Analysts await Bitauto Hldg Ltd (ADR) (NYSE:BITA) to report earnings on November, 14.
Bitauto Hldg Ltd (ADR) (NYSE:BITA) Ratings Coverage
Out of 9 analysts covering Bitauto Holdings (NYSE:BITA), 8 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 89% are positive. Bitauto Holdings has been the topic of 12 analyst reports since October 29, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Friday, July 8 by Macquarie Research. Citigroup initiated the shares of BITA in a report on Thursday, October 29 with “Buy” rating. As per Wednesday, January 27, the company rating was initiated by HSBC. CLSA downgraded the stock to “Underperform” rating in Tuesday, November 10 report. The rating was downgraded by Credit Agricole on Tuesday, November 10 to “Underperform”. The stock of Bitauto Hldg Ltd (ADR) (NYSE:BITA) earned “Underweight” rating by Morgan Stanley on Monday, May 16. The stock has “Buy” rating given by CLSA on Monday, February 22. Credit Suisse upgraded the stock to “Outperform” rating in Wednesday, March 9 report. The company was initiated on Tuesday, February 23 by JP Morgan. The firm earned “Overweight” rating on Wednesday, August 31 by JP Morgan.
According to Zacks Investment Research, “Bitauto Holdings Limited is engaged in providing internet content and marketing services for automotive industry in China. Its bitauto.com and ucar.cn websites provide consumers new and used automobile pricing information, specifications, reviews and consumer feedback. The Company operates in three segments- bitauto.com business, ucar.cn business and digital marketing solutions business. Bitauto.com business provides subscription services to new automobile dealers and advertising services to dealers and automakers on bitauto.com website. Bitauto’s ucar.cn business provides listing and advertising services to used automobile dealers on ucar.cn website. The Company’s digital marketing solutions business provides automakers with digital marketing solutions, including website creation and maintenance, online public relations, online marketing campaigns and advertising agent services. Bitauto Holdings Limited is headquartered in Beijing, the People’s Republic of China.”
More notable recent Bitauto Hldg Ltd (ADR) (NYSE:BITA) news were published by: Fool.com which released: “Why I’m Buying Shares of Bitauto Hldg. Ltd. (ADR)” on September 18, 2015, also Marketwatch.com with their article: “Bitauto Holdings Ltd. ADR” published on January 21, 2011, Investorplace.com published: “Bitauto Hldg Ltd (ADR) (BITA): This Chinese Stock Could Double” on June 10, 2016. More interesting news about Bitauto Hldg Ltd (ADR) (NYSE:BITA) were released by: Quotes.Wsj.com and their article: “DOW JONES, A NEWS CORP COMPANY” published on February 11, 2011 as well as Thestreet.com‘s news article titled: “Bitauto Holdings (BITA) Stock Plunges Today as Chinese Auto Sales Growth Slows” with publication date: January 12, 2015.
BITA Company Profile
Bitauto Holdings Limited (Bitauto), incorporated on October 21, 2005, is a well-known provider of Internet content and marketing services for China’s automotive industry. The Company’s bitauto.com and taoche.com Websites provide clients with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback. The Firm operates through three divisions: advertising business, EP platform business and digital marketing solutions business. The advertising business offers a range of advertising services mainly to automakers through its Websites, as well as mobile applications. The EP platform business provides Web and mobile integrated digital marketing solutions to automobile clients in China. The platform enables dealer subscribers to create their own online showrooms, list pricing and promotional information, provide dealer contact information, place advertisements and manage customer relationships to help them reach a set of purchase-minded clients and market their automobiles to clients online. The digital marketing solutions business provides automakers with digital marketing solutions, including Website creation and maintenance, online public relations, online marketing campaigns and advertising agent services.
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