MOGU (NYSE:MOGU) Trading Down 0.8% – Should You Sell?

MOGU Inc. Sponsored ADR (NYSE:MOGUGet Free Report)’s stock price dropped 0.8% on Monday . The company traded as low as $2.51 and last traded at $2.55. Approximately 4,079 shares changed hands during trading, a decline of 57% from the average daily volume of 9,552 shares. The stock had previously closed at $2.57.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MOGU in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

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MOGU Stock Down 0.8%

The business has a fifty day simple moving average of $3.15 and a two-hundred day simple moving average of $2.63.

About MOGU

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MOGU Inc, through its subsidiaries, engages in the online fashion and lifestyle business in the People's Republic of China. The company operates an online platform that primarily offers a range of fashion apparel and other products, including beauty products and accessories provided by third party merchants, as well as personal care, food, and medical beauty products.

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