Shares of Momo Inc. (NASDAQ:MOMO) traded at a new 52-week low today of $11.43. Approximately 571,000 shares have changed hands today, as compared to an average 30-day volume of 3 million shares.
Momo Inc provides mobile-based social networking services. The firm enables its users to establish and expand social relationships based on location and interests. Its platform includes Momo mobile application and a variety of related features, functionalities, tools, and services that it provides to users, customers and platform partners. It also operates a stand-alone video application called Hani, which features the live video content on its core Momo mobile application. The company principally derives its revenue from live video service, value-added services, mobile marketing services, mobile games and other services. It operates in three segments: Momo’ service lines, Tantan’s service lines, and QOOL’s service line out of which Momo’ service lines segment derives majority revenue.
Momo Inc. has overhead space with shares priced $12.06, or 16.0% below the average consensus analyst price target of $14.36.
In the past 52 weeks, Momo Inc. share prices are bracketed by a current low of $11.43 and a high of $22.05 and is now at $12.06.
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