MOGU Inc. Sponsored ADR (NYSE:MOGU – Get Free Report)’s share price shot up 5.6% during mid-day trading on Thursday. The company traded as high as $1.9572 and last traded at $1.8640. Approximately 2,225 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 3,739 shares. The stock had previously closed at $1.7650.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of MOGU in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.
Read Our Latest Analysis on MOGU
MOGU Price Performance
About MOGU
MOGU Inc operates a fashion and lifestyle-focused online platform in China. Historically known as Mogujie, the company connects consumers with merchants and fashion content creators through a mobile and web-based marketplace designed around product discovery, recommendations and social interaction.
The platform has offered apparel, accessories, beauty products and other lifestyle merchandise from third-party sellers. Its services have included online shopping, personalized product recommendations, user-generated content, influencer marketing and livestreaming, enabling merchants and creators to showcase products and engage directly with consumers.
MOGU was founded in 2011 and has primarily served consumers and businesses in China.
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