NEW YORK, March 8, 2017 /PRNewswire/ --
Stock-Callers.com has initiated coverage on the following Internet Information Providers companies: MeetMe Inc. (NASDAQ: MEET), YY Inc. (NASDAQ: YY), Bitauto Holdings Ltd (NYSE: BITA), and IAC/InterActiveCorp (NASDAQ: IAC). These equities are part of the Technology sector, which still edged higher on Tuesday, March 07th, 2017, with shares of Tech companies in the S&P 500 climbing less than 0.1% in late-afternoon trade. These stocks research reports can be downloaded now by simply registering for free at:
New Hope, Pennsylvania headquartered MeetMe Inc.'s stock finished Tuesday's session 16.17% higher at $5.89. A total volume of 16.26 million shares was traded, which was above their three months average volume of 1.35 million shares. Over the last month and the previous three months, the Company's shares have advanced 24.00% and 28.60%, respectively. Additionally, the stock has gained 19.47% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 18.75% and 11.37%, respectively. Moreover, shares of MeetMe, which owns and operates a social network for meeting new people on the Web and on mobile platforms in the US, have a Relative Strength Index (RSI) of 76.95.
On March 06th, 2017, MeetMe announced that it has executed a definitive agreement to acquire If(we), Inc., a social and mobile technology Company, for $60.0 million in cash. This acquisition furthers MeetMe's strategy to innovate, acquire, and build the largest mobile portfolio of brands for meeting new people. Your complete research report on MEET can be retrieved for free at:
Shares in Guangzhou, the People's Republic of China headquartered YY Inc. rose 1.37%, ending yesterday's session at $45.05. A total volume of 888,936 shares was traded, which was higher than their three months average volume of 747,870 shares. The stock has gained 9.50% in the past month, 7.78% in the previous three months, and 14.28% on an YTD basis. The Company's shares are trading 5.04% above their 50-day moving average and 0.85% above their 200-day moving average. Moreover, shares of YY Inc., which through its subsidiaries, operates an online social platform in the People's Republic of China, have an RSI of 53.95.
On February 24th, 2017, research firm Morgan Stanley downgraded the Company's stock rating from 'Equal-Weight' to 'Underweight'.
On March 02nd, 2017, YY Inc. announced that it plans to release its Q4 and full year 2016 financial results on March 14th, 2017, before market open. The Company will hold a conference call on March 14th, 2017 at 8:00 a.m. ET. A free report on YY is just a click away at:
On Tuesday, Beijing, the People's Republic of China headquartered Bitauto Holdings Ltd's stock climbed 0.82%, to close the day at $22.08. A total volume of 1.69 million shares was traded, which was above their three months average volume of 685,610 shares. The Company's shares have advanced 16.39% in the last one month, 6.46% in the previous three months, and 16.58% on an YTD basis. The stock is trading 9.36% above its 50-day moving average. Additionally, shares of Bitauto Holdings, which provides Internet content and marketing services for the automotive industry in the People's Republic of China, have an RSI of 66.75.
On March 01st, 2017, Bitauto announced that revenue in Q4 2016 was RMB1.75 billion (US$251.9 million), a 31.9% increase on a y-o-y basis. The Company's gross profit in Q4 2016 was RMB1.11 billion (US$159.7 million), a 22.8% increase on a y-o-y basis. Bitauto's net loss in Q4 2016 was RMB105.1 million (US$15.1 million) compared to a net loss of RMB312.8 million (US$45.1 million) in Q4 2015. Sign up for your complimentary research report on BITA at:
Shares in New York headquartered IAC/InterActiveCorp ended the day 0.33% higher at $73.86 with a total trading volume of 295,023 shares. The stock has gained 12.68% in the previous three months and 14.00% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 3.32% and 16.58%, respectively. Furthermore, shares of IAC/InterActiveCorp, which operates as a media and Internet company in the US and internationally, have an RSI of 51.12.
On February 08th, 2017, research firm Aegis Capital reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $80 a share to $86 a share.
On February 22nd, 2017, About.com, an operating business of IAC, unveiled its new brand The Spruce, a home site offering practical, real-life tips and inspiration to help users create a home they love. The Spruce is a top-five site in the Home category according to comScore, and features more than 50,000 pieces of Expert-written content covering home decor and design, food and recipes, gardening, family life, crafts and hobbies, and pets. Register for free on Stock-Callers.com and download the latest research report on IAC at:
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