36Kr (NASDAQ:KRKR) Trading 2.2% Higher – Here’s What Happened

36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) shares traded up 2.2% on Wednesday . The company traded as high as $2.99 and last traded at $2.9640. 3,855 shares traded hands during trading, a decline of 62% from the average daily volume of 10,156 shares. The stock had previously closed at $2.90.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of 36Kr in a research report on Friday, July 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, 36Kr has a consensus rating of “Sell”.

36Kr Stock Performance

The stock has a 50 day moving average price of $2.90 and a 200 day moving average price of $3.54. The company has a market capitalization of $6.24 million, a P/E ratio of -0.93 and a beta of 0.50.

About 36Kr

Beijing 36Kr Holdings Inc, known as 36Kr (NASDAQ:KRKR), is a China?based digital media and services platform focused on the coverage and support of new economy enterprises. The company delivers news, in?depth analysis and research on technology startups, venture capital trends and innovation across the Chinese market. Its flagship online portal and mobile applications serve as primary channels for entrepreneurs, investors and industry professionals seeking timely information on emerging businesses and disruptive technologies.

In addition to editorial content, 36Kr offers a suite of subscription?based membership services that provide premium research reports, proprietary databases and exclusive interviews with founders and investors.