Bitauto Holdings Limited (BITA) Receiving Somewhat Favorable Press Coverage, Study Finds

Media coverage about Bitauto Holdings Limited (NYSE:BITA) has been trending somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Bitauto Holdings Limited earned a news sentiment score of 0.25 on Accern’s scale. Accern also gave news articles about the information services provider an impact score of 45.4660444195926 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news articles that may have effected Accern’s analysis:

Shares of Bitauto Holdings Limited (NYSE BITA) opened at 44.32 on Friday. Bitauto Holdings Limited has a 52-week low of $16.56 and a 52-week high of $45.84. The company’s 50-day moving average is $36.71 and its 200-day moving average is $29.78. The stock’s market cap is $3.09 billion.

Bitauto Holdings Limited (NYSE:BITA) last issued its quarterly earnings results on Tuesday, August 15th. The information services provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.05). Bitauto Holdings Limited had a positive return on equity of 3.85% and a negative net margin of 4.76%. The firm had revenue of $320.20 million during the quarter, compared to analysts’ expectations of $282.86 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The firm’s revenue was up 52.9% compared to the same quarter last year. Equities analysts anticipate that Bitauto Holdings Limited will post $1.17 EPS for the current year.

A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a research report on Friday. BidaskClub raised shares of Bitauto Holdings Limited from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Finally, ValuEngine raised shares of Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd.

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About Bitauto Holdings Limited

Bitauto Holdings Limited is a provider of Internet content and marketing services for China’s automotive industry. The Company’s bitauto.com and taoche.com Websites provide consumers with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback.

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