Renren (NYSE:RENN) Stock Passes Above Two Hundred Day Moving Average of $0.90

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Renren Inc (NYSE:RENN) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.90 and traded as high as $0.91. Renren shares last traded at $0.91, with a volume of 4,928 shares.

The company has a current ratio of 1.24, a quick ratio of 0.80 and a debt-to-equity ratio of 0.01. The business’s fifty day moving average price is $0.75 and its two-hundred day moving average price is $0.90.

An institutional investor recently raised its position in Renren stock. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Renren Inc (NYSE:RENN) by 9.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 287,185 shares of the technology company’s stock after buying an additional 25,901 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.42% of Renren worth $279,000 as of its most recent SEC filing. Institutional investors and hedge funds own 1.62% of the company’s stock.

Renren Company Profile (NYSE:RENN)

Renren Inc operates a social networking Internet platform in the People's Republic of China. It operates through two segments, Renren and Auto Group. The company operates Renren.com and Renren Mobile App that enable users to communicate and stay connected with friends, classmates, family members, and co-workers; and woxiu.com, a PC-based social video platform for users to stream their performances live to viewers.

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