Smart Share Global (NYSE:EM) Stock Price Up 4%

Smart Share Global Limited (NYSE:EM) rose 4% during trading on Friday . The stock traded as high as $0.75 and last traded at $0.71. Approximately 58,471 shares traded hands during mid-day trading, an increase of 14% from the average daily volume of 51,413 shares. The stock had previously closed at $0.68.

Smart Share Global Stock Performance

The firm’s 50 day moving average is $0.78 and its 200-day moving average is $0.89. The company has a market cap of $183.37 million, a PE ratio of -3.08 and a beta of 0.36.

Smart Share Global (NYSE:EM) last issued its earnings results on Monday, August 21st. The company reported $0.01 earnings per share (EPS) for the quarter. Smart Share Global had a negative return on equity of 14.57% and a negative net margin of 12.30%. The company had revenue of $142.83 million during the quarter.

Institutional Trading of Smart Share Global

An institutional investor recently bought a new position in Smart Share Global stock. Bank of America Corp DE acquired a new stake in Smart Share Global Limited (NYSE:EM) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 444,860 shares of the company’s stock, valued at approximately $494,000. Bank of America Corp DE owned approximately 0.17% of Smart Share Global as of its most recent filing with the Securities & Exchange Commission. 5.80% of the stock is currently owned by hedge funds and other institutional investors.

About Smart Share Global

Smart Share Global Limited, a consumer tech company, provides mobile device charging services in the People's Republic of China. The company provides mobile device charging services through online and offline networks; and rents and sells power banks. It offers services through its power banks placed in points of interests (POIs) operated by its location partners, such as entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces.