Aurora Mobile Limited (NASDAQ:JG – Get Rating)'s stock price dropped 1% during trading on Friday . The company traded as low as $0.94 and last traded at $0.99. Approximately 109,797 shares were traded during trading, a decline of 40% from the average daily volume of 181,680 shares. The stock had previously closed at $1.00.
Wall Street Analyst Weigh In
Separately, Alliance Global Partners downgraded shares of Aurora Mobile from a "buy" rating to a "neutral" rating in a report on Thursday, June 9th.
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Aurora Mobile Stock Performance
The stock has a market cap of $117.45 million, a price-to-earnings ratio of -5.82 and a beta of 0.97. The firm's 50-day simple moving average is $0.94 and its two-hundred day simple moving average is $0.98.
Institutional Investors Weigh In On Aurora Mobile
Institutional investors have recently modified their holdings of the business. Virtu Financial LLC acquired a new stake in shares of Aurora Mobile during the 2nd quarter worth approximately $44,000. Renaissance Technologies LLC grew its position in shares of Aurora Mobile by 70.9% during the 2nd quarter. Renaissance Technologies LLC now owns 120,306 shares of the company's stock worth $128,000 after buying an additional 49,906 shares during the period. Finally, UBS Group AG grew its position in shares of Aurora Mobile by 2,928.7% during the 1st quarter. UBS Group AG now owns 137,987 shares of the company's stock worth $152,000 after buying an additional 133,431 shares during the period. Institutional investors and hedge funds own 14.09% of the company's stock.
Aurora Mobile Company Profile
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Aurora Mobile Limited, through its subsidiaries, operates as a mobile app developer service provider in China. The company provides push notification, instant messaging, analytics, sharing and short message service, one-click verification, and other services. Its vertical applications have expanded to market intelligence, financial risk management, and location-based intelligence; and offers real-time market intelligence solutions, such as product iApp, which provides analysis and statistical results on the usage and trends of mobile apps to investment funds and corporations.
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