News headlines about 58.com (NYSE:WUBA) have trended positive on Wednesday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. 58.com earned a news sentiment score of 0.25 on Accern’s scale. Accern also assigned news coverage about the information services provider an impact score of 46.2529468743636 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
A number of equities analysts have recently issued reports on the stock. TheStreet lowered shares of 58.com from a “b-” rating to a “c+” rating in a research report on Friday, December 22nd. Zacks Investment Research upgraded shares of 58.com from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research report on Thursday, November 16th. Finally, BidaskClub lowered shares of 58.com from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $55.50.
Shares of 58.com (NYSE WUBA) traded up $1.34 on Wednesday, hitting $81.33. 734,928 shares of the stock were exchanged, compared to its average volume of 1,173,018. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $11,840.00, a price-to-earnings ratio of 104.27 and a beta of 2.15. 58.com has a twelve month low of $27.58 and a twelve month high of $85.04.
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58.com Company Profile
58.com Inc is a holding company. The Company’s business consists of its online classifieds and listing platforms. Its online classifieds and listings platforms enable local merchants and consumers to connect, share information and conduct business in China. These platforms include 58, Ganji and Anjuke.
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