Smart Share Global (NYSE:EM) Trading Up 2.9% – Here’s What Happened

Smart Share Global Limited (NYSE:EM) shares were up 2.9% on Monday . The company traded as high as $0.72 and last traded at $0.72. Approximately 10,880 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 165,025 shares. The stock had previously closed at $0.70.

Smart Share Global Trading Up 2.9 %

The firm has a 50 day moving average of $0.68 and a two-hundred day moving average of $0.80. The stock has a market capitalization of $186.90 million, a PE ratio of 24.01 and a beta of 0.59.

Smart Share Global (NYSE:EM) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.10). Smart Share Global had a net margin of 3.10% and a return on equity of 2.23%. The firm had revenue of $63.70 million during the quarter.

About Smart Share Global

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 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.