Shares of Jianpu Technology Inc – (NYSE:JT) fell 12.9% during mid-day trading on Friday . The company traded as low as $5.34 and last traded at $5.49. 1,732,706 shares were traded during mid-day trading, an increase of 330% from the average session volume of 402,979 shares. The stock had previously closed at $6.30.
A number of research firms have issued reports on JT. JPMorgan Chase & Co. raised Jianpu Technology from a “neutral” rating to an “overweight” rating and raised their target price for the company from $5.50 to $9.50 in a report on Friday, March 1st. ValuEngine raised Jianpu Technology from a “hold” rating to a “buy” rating in a report on Thursday, January 31st.
The firm has a market cap of $1.06 billion, a PE ratio of -23.87 and a beta of 2.01.
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Jianpu Technology Company Profile (NYSE:JT)
Jianpu Technology Inc operates a platform that provides online discovery and recommendation services for financial products in the People's Republic of China. Its platform allows users to access to financial products, including consumer and other loans, credit cards, and wealth management products.
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