.jpg "Standpoint Research Downgrades Momo Inc to Hold")
Standpoint Research analyst Ronnie Moas downgraded Momo Inc (NASDAQ: MOMO) to Hold yesterday. The company’s shares closed yesterday at $53.13, close to its 52-week high of $54.24.
According to TipRanks.com, Moas is a 5-star analyst with an average return of 5.9% and a 69.7% success rate. Moas covers the Consumer Goods sector, focusing on stocks such as LyondellBasell, F5 Networks, and Flex Ltd.
Momo Inc has an analyst consensus of Strong Buy, with a price target consensus of $56.80.
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Momo Inc’s market cap is currently $8.55B and has a P/E ratio of 28.41. The company has a Price to Book ratio of 8.85.
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Momo, Inc. operates as a mobile-based social networking platform. The platform includes Momo mobile application and related features, functionalities, tools and services that are provided to users, customers and platform partners. It offerings includes live video, value added and mobile game services.
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