Beijing, China-based Fang Holdings Ltd's shares rose 2.72%, finishing Tuesday's trading session at $3.02. A total volume of 7.70 million shares was traded, which was above their three months average volume of 4.19 million shares. In the last one month, the stock has advanced 2.37%. The Company's shares are trading below their 50-day moving average by 13.84%. Moreover, shares of Fang Holdings, which operates a real estate online platform through which it provides e-commerce, marketing, listing, financial, and value-added services, have a Relative Strength Index (RSI) of 44.85.
On November 28th, 2016, Fang reported total revenues of $250.1 million in Q3 2016, a 1% increase from $248.5 million in Q3 2015. The company's operating income for Q3 2016 was $0.2 million compared to operating loss of $31.7 million in Q3 2015. Net loss attributed to Fang's shareholders was $4.9 million in Q3 2016 compared to net income of $1.4 million in Q3 2015.
On November 28th, 2016, research firm Nomura resumed its 'Reduce' rating on the Company's stock. Free research report on SFUN is available at:
On Tuesday, shares in Beijing, the People's Republic of China headquartered Baidu Inc. recorded a trading volume of 1.28 million shares, and ended the session 0.52% higher at $165.17. The stock is trading 4.63% below its 50-day moving average. Shares of the Company, which provides Internet search services in China and internationally, have an RSI of 45.20.
On December 01st, 2016, Baidu announced that its new mobile ad platform DU Ad Platform (DAP) leverages machine learning AI technology to enhance ad performance prediction and increase advertising revenues. DAP's "Peak Selection Algorithm," which determines ad pricing, includes a proprietary AI engine built on machine learning technology. When ad data, placement data and user data are fed into this AI engine, it can accurately predict ad performance and significantly boost ad placement revenues. DAP is Baidu's mobile ad platform for Android developers to advertise to users based outside of China. The platform leverages Baidu's own traffic from its international apps, which have a cumulative 1.6 billion users worldwide covering 200 countries including India, Brazil, Indonesia, Thailand, Egypt, Japan, and the US. The complimentary research report on BIDU can be downloaded at:
Shares in New Hope, Pennsylvania headquartered MeetMe Inc. closed at $4.97, slightly down 0.80% from the last trading session. The stock recorded a trading volume of 1.57 million shares. The Company's shares have gained 5.74% in the last one month and 38.83% on an YTD basis. The stock is trading 5.22% above its 200-day moving average. Additionally, 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 an RSI of 50.51.
On December 05th, 2016, MeetMe announced that its mobile CPMs in the US increased 14% y-o-y in November 2016. MeetMe also reiterated its Q4 2016 and FY16 guidance. For Q4 2016, MeetMe is projecting revenue to be in the range of $27.5 million and $29.0 million, representing growth of between 38% and 46% y-o-y. The company expects revenue for FY16 to be in the range of $74.5 million to $76.0 million, representing growth of between 31% and 34% y-o-y. Visit us today and access our complete research report on MEET at:
At the closing bell yesterday, shares in California headquartered Yelp Inc. ended 0.63% lower at $36.26 with a total trading volume of 1.11 million shares. The stock has advanced 0.33% in the last one month and 25.90% since the start of this year. The Company's shares are trading above their 200-day moving average by 20.63%. Furthermore, shares of Yelp, which operates a platform that connects people with local businesses primarily in the US, have an RSI of 42.52.
On November 02nd, 2016 Yelp's net revenue came in at $186.2 million in Q3 2016, reflecting 30% growth over Q3 2015. The company's cumulative reviews grew 29% on a y-o-y basis to approximately 115 million. Yelp's GAAP net income in Q3 2016 was $2.1 million, or $0.02 per diluted share, compared to a GAAP net loss of ($8.1) million, or ($0.11) per share, in Q3 2015. Get free access to your research report on YELP at:
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