Press coverage about Renren (NYSE:RENN) has trended somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Renren earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 45.8790887434053 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
RENN has been the topic of several recent analyst reports. BidaskClub raised shares of Renren from a “hold” rating to a “buy” rating in a report on Friday, October 20th. ValuEngine raised shares of Renren from a “sell” rating to a “hold” rating in a report on Friday, September 1st.
Shares of Renren (NYSE:RENN) traded down $0.18 during midday trading on Friday, hitting $10.44. 300,100 shares of the stock were exchanged, compared to its average volume of 205,194. The company has a quick ratio of 1.42, a current ratio of 1.46 and a debt-to-equity ratio of 0.11. Renren has a 1-year low of $6.01 and a 1-year high of $11.98.
Renren Company Profile
Renren Inc operates a real name social networking Internet platform in China. The Company enables users to connect and communicate with each other, share photos, and various features and services. The Company is developing Internet finance business to leverage its social networking services and user base in China, particularly focusing on the audience of college students and young people in China.
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