Smart Share Global (NYSE:EM) PT Lowered to $2.00 at Citigroup

Smart Share Global (NYSE:EMGet Rating) had its price target lowered by Citigroup from $4.50 to $2.00 in a research note issued to investors on Tuesday, The Fly reports. The brokerage currently has a buy rating on the stock.

EM stock opened at $1.21 on Tuesday. The business’s 50-day moving average is $1.23 and its two-hundred day moving average is $1.38. Smart Share Global has a fifty-two week low of $0.88 and a fifty-two week high of $6.40. The company has a market cap of $318.76 million, a price-to-earnings ratio of -9.31 and a beta of -1.60.

An institutional investor recently bought a new position in Smart Share Global stock. Two Sigma Securities LLC bought a new position in Smart Share Global Limited (NYSE:EMGet Rating) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 11,028 shares of the company’s stock, valued at approximately $37,000. Institutional investors own 5.15% of the company’s stock.

About Smart Share Global (Get Rating)

Smart Share Global Limited, a consumer tech company, provides mobile device charging services in the People's Republic of China. The company provides mobile device charging services through online and offline networks; and rents and sells power banks. It offers services through its power banks placed in points of interests (POIs) operated by its location partners, such as entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces.

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