Bitauto Hldg (BITA) Earning Favorable Press Coverage, Study Shows

News stories about Bitauto Hldg (NYSE:BITA) have been trending positive this week, Alpha One Sentiment reports. The research firm, a division of Accern, rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Bitauto Hldg earned a media sentiment score of 0.44 on Alpha One’s scale. Alpha One also assigned media stories about the information services provider an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the company’s share price in the next several days.

Here are some of the news articles that may have effected Alpha One Sentiment Analysis’s analysis:

A number of equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Bitauto Hldg from a “sell” rating to a “hold” rating in a research report on Monday, May 29th. HSBC Holdings plc reiterated a “buy” rating and set a $33.00 price objective (up from $27.00) on shares of Bitauto Hldg in a research report on Wednesday, May 17th.

Bitauto Hldg (BITA) opened at 29.17 on Friday. The firm’s market capitalization is $2.24 billion. The company’s 50-day moving average is $29.10 and its 200-day moving average is $23.50. Bitauto Hldg has a 52-week low of $16.56 and a 52-week high of $34.18.

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Bitauto Hldg Company Profile

Bitauto Holdings Limited is a provider of Internet content and marketing services for China’s automotive industry. The Company’s bitauto.com and taoche.com Websites provide consumers with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback.

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