SINA (NASDAQ:SINA) issued its quarterly earnings data on Thursday. The technology company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.35, RTT News reports. The firm had revenue of $561.45 million during the quarter, compared to analyst estimates of $557.76 million. SINA had a return on equity of 3.80% and a net margin of 6.84%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 EPS.
SINA stock traded down $0.47 during trading on Friday, hitting $33.21. The stock had a trading volume of 2,410,300 shares, compared to its average volume of 488,819. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 19.54 and a beta of 1.35. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.24. SINA has a 1 year low of $32.99 and a 1 year high of $70.83. The stock’s 50 day moving average is $40.35 and its two-hundred day moving average is $42.70.
A number of analysts have commented on the company. Citigroup set a $59.00 price objective on SINA and gave the stock a “buy” rating in a report on Wednesday, August 21st. BidaskClub lowered SINA from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 25th. ValuEngine raised SINA from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. BOCOM International raised SINA from a “neutral” rating to a “buy” rating in a report on Wednesday, August 21st. Finally, Jefferies Financial Group assumed coverage on SINA in a report on Monday, August 5th. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $64.31.
SINA Corporation, through its subsidiaries, operates as an online media company in the People's Republic of China. It operates SINA.com, an online brand advertising portal that provides region-focused format and content, including multimedia news; business news coverage and personal finance columns; sporting events news; automobile-related news; entertainment news and events; technology updates; interactive video products, such as news, sports, and entertainment; and education, digital, fashion, luxury, health, collectibles, travel, and other interest-based channels.
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