Shares of Renren Inc. (NYSE:RENN) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $26.17 and last traded at $26.17, with a volume of 5244 shares. The stock had previously closed at $25.01.
The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $12.62 and its two-hundred day moving average is $11.23.
A number of institutional investors have recently bought and sold shares of the business. Royal Bank of Canada purchased a new stake in Renren during the second quarter valued at approximately $34,000. Cowen Investment Management LLC bought a new stake in shares of Renren in the 2nd quarter worth about $205,000. Renaissance Technologies LLC lifted its holdings in Renren by 141.0% during the 1st quarter. Renaissance Technologies LLC now owns 32,200 shares of the technology company’s stock valued at $291,000 after buying an additional 18,839 shares in the last quarter. MYDA Advisors LLC bought a new stake in Renren during the 2nd quarter valued at about $313,000. Finally, Antara Capital LP bought a new stake in Renren during the 2nd quarter valued at about $2,702,000. 3.71% of the stock is owned by institutional investors and hedge funds.
Renren Inc engages in the Software as a Service (SaaS) business, which includes all-in-one real estate solution provider and a large community for the trucking industry in the United States. The company was founded by Chen Yi Zhou in November 2002 and is headquartered in Beijing, China.
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