Qutoutiao (QTT) Stock Price Down 13.8%

Qutoutiao Inc (NASDAQ:QTT) shares were down 13.8% on Monday . The stock traded as low as $5.11 and last traded at $5.26. Approximately 802,207 shares changed hands during trading, a decline of 63% from the average daily volume of 2,187,646 shares. The stock had previously closed at $6.10.

Several research analysts have recently weighed in on QTT shares. KeyCorp started coverage on Qutoutiao in a research note on Tuesday, October 9th. They set an “overweight” rating and a $11.00 price target for the company. Deutsche Bank started coverage on Qutoutiao in a research note on Thursday, October 11th. They set a “hold” rating and a $8.00 price target for the company. Finally, Citigroup started coverage on Qutoutiao in a research note on Thursday, October 18th. They set a “neutral” rating and a $8.40 price target for the company.

About Qutoutiao (NASDAQ:QTT)

Qutoutiao Inc develops an application for news in China. Qutoutiao Inc was formerly known as Qtech Ltd. and changed its name to Qutoutiao Inc in July 2018. The company was founded in 2016 and is based in Shanghai, China.

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