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Tale of the Tape

Zacks Equity Research

Bitauto Holdings (BITA) in Focus: Stock Moves 12.9% Higher
September 22, 2016


Trades from $3

Bitauto Holdings Limited (BITA - Snapshot Report) was a big mover last session, as its shares rose almost 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $25.13 to $27.58 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Bitauto Holdings currently carries a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

A better-ranked stock in the internet services-delivery space is Asure Software, Inc. (ASUR - Snapshot Report) , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is BITA going up? Or down? Predict to see what others think: Up or Down

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