Investors purchased shares of IQIYI Inc (NASDAQ:IQ) on weakness during trading hours on Friday. $33.59 million flowed into the stock on the tick-up and $24.29 million flowed out of the stock on the tick-down, for a money net flow of $9.30 million into the stock. Of all equities tracked, IQIYI had the 33rd highest net in-flow for the day. IQIYI traded down ($0.20) for the day and closed at $21.80
A number of research analysts have weighed in on IQ shares. Credit Suisse Group raised IQIYI from a “neutral” rating to an “outperform” rating in a report on Wednesday, October 31st. OTR Global lowered IQIYI to a “positive” rating in a report on Monday, January 14th. China Renaissance Securities set a $28.00 target price on IQIYI and gave the company a “buy” rating in a report on Thursday, January 17th. HSBC started coverage on IQIYI in a report on Wednesday, December 12th. They set a “hold” rating and a $22.00 target price for the company. Finally, ValuEngine lowered IQIYI from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. IQIYI has an average rating of “Hold” and a consensus price target of $29.00.
The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.95 and a current ratio of 0.95.
About IQIYI (NASDAQ:IQ)
iQIYI, Inc, together with its subsidiaries, provides online entertainment services under the iQIYI brand name in China. It operates a platform that provides a collection of Internet video content, including professionally-produced content licensed from professional content providers and self-produced content.
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