Kuaishou Technology (OTCMKTS:KUASF – Get Free Report)’s share price was up 3.3% during mid-day trading on Friday . The company traded as high as $4.65 and last traded at $4.65. Approximately 200 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 2,384 shares. The stock had previously closed at $4.50.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the stock. Barclays set a $5.00 price target on shares of Kuaishou Technology in a research note on Thursday, May 28th. Citigroup cut Kuaishou Technology from a “buy” rating to a “hold” rating in a research note on Thursday, August 20th. Finally, The Goldman Sachs Group lowered Kuaishou Technology from a “buy” rating to a “neutral” rating in a research note on Thursday, August 20th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $5.00.
Get Our Latest Stock Analysis on Kuaishou Technology
Kuaishou Technology Trading Up 3.3%
About Kuaishou Technology
Kuaishou Technology is a leading social media and technology company best known for its short-form video and live-streaming platforms. Founded in 2011 and headquartered in Beijing, the company operates a suite of mobile applications that enable users to create, share and interact through user-generated video content. Over the years, Kuaishou has expanded its offerings to include live commerce features, allowing content creators to sell products directly during live broadcasts and fostering a vibrant ecosystem of merchants, influencers and viewers.
The company’s flagship app serves hundreds of millions of daily active users primarily in Mainland China, where it competes with other major short-video platforms.
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