Shares of MOGU Inc. Sponsored ADR (NYSE:MOGU – Get Free Report) rose 5.6% during mid-day trading on Thursday. The company traded as high as $1.9572 and last traded at $1.8640. Approximately 2,225 shares were traded during mid-day trading, a decline of 40% from the average session volume of 3,739 shares. The stock had previously closed at $1.7650.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of MOGU in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Check Out Our Latest Research Report on MOGU
MOGU Stock Performance
About MOGU
MOGU Inc operates a fashion and lifestyle-focused online platform in China. Historically known as Mogujie, the company connects consumers with merchants and fashion content creators through a mobile and web-based marketplace designed around product discovery, recommendations and social interaction.
The platform has offered apparel, accessories, beauty products and other lifestyle merchandise from third-party sellers. Its services have included online shopping, personalized product recommendations, user-generated content, influencer marketing and livestreaming, enabling merchants and creators to showcase products and engage directly with consumers.
MOGU was founded in 2011 and has primarily served consumers and businesses in China.
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