Most Sector Leaders fell Thursday, led by SouFun Holdings Ltd (NYSE:SFUN), despite gains for the overall market. Volume was mostly weak among the top stocks from IBD’s 33 sector groups. SouFun Holdings Ltd (NYSE:SFUN) shares after opening at $81.67 moved to $81.93 on last trade day and at the end of the day closed at $75.40. Company price to sales ratio in past twelve months was calculated as 9.27 and price to cash ratio as 9.99. SouFun Holdings Ltd (NYSE:SFUN) showed a negative weekly performance of -11.03%.
Analysts believes that the IPOs of online marketplace 58.com Inc (ADR) (NYSE:WUBA) and travel-booking site Qunar in the second half of 2013 opened the door for another round of US stock offerings by Chinese Internet companies. 58.com Inc (ADR) (NYSE:WUBA) shares fell -5.86% in last trading session and ended the day on $46.29. 58.com Inc (ADR) (NYSE:WUBA) return on equity ratio is recorded as 19.20% and its return on assets is -39.80%.
Shares of Criteo SA (ADR) (NASDAQ:CRTO) saw a large drop in short interest in January. As of February 28th, there was short interest totalling 1,018,385 shares, a drop of 38.8% from the February 14th total of 1,662,694 shares, ARN reports. Criteo SA (ADR) (NASDAQ:CRTO) shares moved down -7.39% in last trading session and was closed at $45.50, while trading in range of $44.25 – $49.15. Criteo SA (ADR) (NASDAQ:CRTO) year to date (YTD) performance is 33.04%.
ChinaNet Online Holdings, Inc. (NASDAQ:CNET), a leading B2B (business to business) internet technology company focusing on providing online-to-offline (“O2O”) sales channel expansion services for small and medium-sized enterprises (“SMEs”) and entrepreneurial management and networking services for entrepreneurs in the People’s Republic of China, announced that its promotion and management software, “Zhao Shang Tong”, has been awarded 1st runner-up in the creative marketing category of the Second International Youth Innovation Games. Chinanet Online Holdings Inc (NASDAQ:CNET) weekly performance is 3.75%. On last trading day company shares ended up $1.66. Chinanet Online Holdings Inc (NASDAQ:CNET) distance from 50-day simple moving average (SMA50) is 43.45%. Analysts mean target price for the company is $2.50.
Leave a Reply