Notable Price Action: What’s Bitauto Hldg Ltd (ADR) Upside After Today’s Huge Increase?

Notable Price Action: What's Bitauto Hldg Ltd (ADR) Upside After Today's Huge Increase?

The stock of Bitauto Hldg Ltd (ADR) (NYSE:BITA) is a huge mover today! About 429,092 shares traded hands. Bitauto Hldg Ltd (ADR) (NYSE:BITA) has declined 19.41% since April 13, 2016 and is downtrending. It has underperformed by 23.34% the S&P500.
The move comes after 6 months positive chart setup for the $1.51 billion company. It was reported on Nov, 15 by Barchart.com. We have $36.12 PT which if reached, will make NYSE:BITA worth $875.80M more.

Bitauto Hldg Ltd (ADR) (NYSE:BITA) Ratings Coverage

Out of 9 analysts covering Bitauto Holdings (NYSE:BITA), 8 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 89% are positive. Bitauto Holdings has been the topic of 12 analyst reports since October 29, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Citigroup given on Thursday, October 29. The rating was upgraded by Credit Suisse on Wednesday, March 9 to “Outperform”. On Tuesday, February 23 the stock rating was initiated by JP Morgan with “Neutral”. Macquarie Research initiated Bitauto Hldg Ltd (ADR) (NYSE:BITA) on Friday, July 8 with “Outperform” rating. CLSA upgraded the stock to “Buy” rating in Monday, February 22 report. On Wednesday, January 27 the stock rating was initiated by HSBC with “Buy”. The stock has “Overweight” rating given by JP Morgan on Wednesday, August 31. The firm earned “Underperform” rating on Tuesday, November 10 by Credit Agricole. The stock of Bitauto Hldg Ltd (ADR) (NYSE:BITA) has “Buy” rating given on Monday, February 22 by Credit Agricole. The stock of Bitauto Hldg Ltd (ADR) (NYSE:BITA) has “Underperform” rating given on Tuesday, November 10 by CLSA.

According to Zacks Investment Research, “Bitauto Holdings Limited is engaged in providing internet content and marketing services for automotive industry in China. Its bitauto.com and ucar.cn websites provide consumers new and used automobile pricing information, specifications, reviews and consumer feedback. The Company operates in three segments- bitauto.com business, ucar.cn business and digital marketing solutions business. Bitauto.com business provides subscription services to new automobile dealers and advertising services to dealers and automakers on bitauto.com website. Bitauto’s ucar.cn business provides listing and advertising services to used automobile dealers on ucar.cn website. The Company’s digital marketing solutions business provides automakers with digital marketing solutions, including website creation and maintenance, online public relations, online marketing campaigns and advertising agent services. Bitauto Holdings Limited is headquartered in Beijing, the People’s Republic of China.”

More notable recent Bitauto Hldg Ltd (ADR) (NYSE:BITA) news were published by: Fool.com which released: “Investors Are Betting Big Against Bitauto Hldg Ltd (ADR). Are They Wrong?” on October 13, 2016, also Fool.com with their article: “Why I’m Buying Shares of Bitauto Hldg. Ltd. (ADR)” published on September 18, 2015, Marketwatch.com published: “Bitauto Holdings Ltd. ADR” on January 21, 2011. More interesting news about Bitauto Hldg Ltd (ADR) (NYSE:BITA) were released by: Investorplace.com and their article: “Bitauto Hldg Ltd (ADR) (BITA): This Chinese Stock Could Double” published on June 10, 2016 as well as Quotes.Wsj.com‘s news article titled: “DOW JONES, A NEWS CORP COMPANY” with publication date: February 11, 2011.

BITA Company Profile

Bitauto Holdings Limited (Bitauto), incorporated on October 21, 2005, is a well-known provider of Internet content and marketing services for China’s automotive industry. The Company’s bitauto.com and taoche.com Websites provide clients with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback. The Firm operates through three divisions: advertising business, EP platform business and digital marketing solutions business. The advertising business offers a range of advertising services mainly to automakers through its Websites, as well as mobile applications. The EP platform business provides Web and mobile integrated digital marketing solutions to automobile clients in China. The platform enables dealer subscribers to create their own online showrooms, list pricing and promotional information, provide dealer contact information, place advertisements and manage customer relationships to help them reach a set of purchase-minded clients and market their automobiles to clients online. The digital marketing solutions business provides automakers with digital marketing solutions, including Website creation and maintenance, online public relations, online marketing campaigns and advertising agent services.

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