36Kr (NASDAQ:KRKR) Stock Price Down 1.6% – Here’s Why

36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR)’s share price dropped 1.6% on Friday . The company traded as low as $3.25 and last traded at $3.2850. Approximately 6,907 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 31,875 shares. The stock had previously closed at $3.34.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded 36Kr from a “sell (e+)” rating to a “sell (d)” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, 36Kr has an average rating of “Sell”.

36Kr Stock Performance

The stock has a fifty day simple moving average of $3.66 and a two-hundred day simple moving average of $4.09. The stock has a market cap of $6.47 million, a PE ratio of -0.55 and a beta of 0.46.

36Kr (NASDAQ:KRKR) last posted its earnings results on Wednesday, March 18th. The company reported $0.54 EPS for the quarter. The firm had revenue of $9.63 million for the quarter.

36Kr Company Profile

Beijing 36Kr Holdings Inc, known as 36Kr (NASDAQ:KRKR), is a China‐based digital media and services platform focused on the coverage and support of new economy enterprises. The company delivers news, in‐depth analysis and research on technology startups, venture capital trends and innovation across the Chinese market. Its flagship online portal and mobile applications serve as primary channels for entrepreneurs, investors and industry professionals seeking timely information on emerging businesses and disruptive technologies.

In addition to editorial content, 36Kr offers a suite of subscription‐based membership services that provide premium research reports, proprietary databases and exclusive interviews with founders and investors.