Shares of Renren Inc (NYSE:RENN) saw strong trading volume on Monday . 940 shares were traded during mid-day trading, a decline of 100% from the previous session’s volume of 213,384 shares.The stock last traded at $1.70 and had previously closed at $1.77.
Separately, ValuEngine upgraded shares of Renren from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.
The company has a market capitalization of $122.25 million, a price-to-earnings ratio of -1.06 and a beta of 0.54. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.16.
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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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