36Kr (NASDAQ:KRKR) Stock Price Down 1.6% – What’s Next?

36Kr Holdings Inc. Sponsored ADR (NASDAQ:KRKR)’s stock price traded down 1.6% on Friday . The company traded as low as $3.25 and last traded at $3.2850. 6,907 shares changed hands during trading, a decline of 78% from the average session volume of 31,875 shares. The stock had previously closed at $3.34.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of 36Kr from a “sell (e+)” rating to a “sell (d)” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

36Kr Stock Performance

The business has a 50 day moving average of $3.66 and a 200-day moving average of $4.09. The company has a market capitalization of $6.47 million, a P/E ratio of -0.55 and a beta of 0.46.

36Kr (NASDAQ:KRKR) last announced its quarterly earnings results on Wednesday, March 18th. The company reported $0.54 earnings per share for the quarter. The company had revenue of $9.63 million for the quarter.

36Kr Company Profile

Beijing 36Kr Holdings Inc, known as 36Kr (NASDAQ:KRKR), is a China‐based digital media and services platform focused on the coverage and support of new economy enterprises. The company delivers news, in‐depth analysis and research on technology startups, venture capital trends and innovation across the Chinese market. Its flagship online portal and mobile applications serve as primary channels for entrepreneurs, investors and industry professionals seeking timely information on emerging businesses and disruptive technologies.

In addition to editorial content, 36Kr offers a suite of subscription‐based membership services that provide premium research reports, proprietary databases and exclusive interviews with founders and investors.