36Kr (NASDAQ:KRKR) Trading Down 4.2% – Time to Sell?

Shares of 36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR) dropped 4.2% during mid-day trading on Friday . The stock traded as low as $3.30 and last traded at $3.39. Approximately 36,995 shares traded hands during mid-day trading, an increase of 79% from the average daily volume of 20,646 shares. The stock had previously closed at $3.54.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised 36Kr from a “sell (e+)” rating to a “sell (d)” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, 36Kr presently has a consensus rating of “Sell”.

36Kr Stock Down 4.2%

The company has a 50 day simple moving average of $3.75 and a two-hundred day simple moving average of $4.27. The company has a market capitalization of $6.68 million, a P/E ratio of -0.57 and a beta of 0.46.

36Kr (NASDAQ:KRKR) last issued its quarterly earnings data on Wednesday, March 18th. The company reported $0.54 earnings per share for the quarter. The company had revenue of $9.63 million for the quarter.

About 36Kr

Beijing 36Kr Holdings Inc, known as 36Kr (NASDAQ:KRKR), is a China?based digital media and services platform focused on the coverage and support of new economy enterprises. The company delivers news, in?depth analysis and research on technology startups, venture capital trends and innovation across the Chinese market. Its flagship online portal and mobile applications serve as primary channels for entrepreneurs, investors and industry professionals seeking timely information on emerging businesses and disruptive technologies.

In addition to editorial content, 36Kr offers a suite of subscription?based membership services that provide premium research reports, proprietary databases and exclusive interviews with founders and investors.