Autohome Inc. (NYSE:ATHM – Get Free Report) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 1,810,000 shares, a decrease of 7.7% from the August 15th total of 1,960,000 shares. Approximately 1.5% of the company’s stock are short sold. Based on an average trading volume of 528,900 shares, the days-to-cover ratio is presently 3.4 days.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on ATHM shares. StockNews.com upgraded Autohome from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Citigroup reiterated a “neutral” rating and issued a $28.00 target price (down from $31.00) on shares of Autohome in a report on Friday, July 19th. Finally, Benchmark downgraded Autohome from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th.
View Our Latest Research Report on ATHM
Institutional Trading of Autohome
Autohome Price Performance
Shares of ATHM stock traded up $0.19 during midday trading on Wednesday, reaching $27.39. 317,924 shares of the company traded hands, compared to its average volume of 468,162. The firm has a market cap of $3.44 billion, a PE ratio of 12.89 and a beta of 0.14. The firm’s 50 day simple moving average is $25.17 and its two-hundred day simple moving average is $26.31. Autohome has a 1-year low of $21.89 and a 1-year high of $30.92.
Autohome (NYSE:ATHM – Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The information services provider reported $4.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $4.12. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Autohome had a return on equity of 8.19% and a net margin of 25.81%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.59 earnings per share. As a group, research analysts anticipate that Autohome will post 1.96 earnings per share for the current fiscal year.
Autohome declared that its board has approved a stock repurchase program on Wednesday, September 4th that permits the company to buyback $0.00 in shares. This buyback authorization permits the information services provider to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
Autohome Company Profile
Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.
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