58.com (WUBA) Receiving Somewhat Favorable Media Coverage, Accern Reports

Press coverage about 58.com (NYSE:WUBA) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. 58.com earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave news stories about the information services provider an impact score of 46.4163361193562 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:

Shares of 58.com (NYSE:WUBA) traded up $0.11 during trading hours on Friday, hitting $81.98. 1,183,620 shares of the company were exchanged, compared to its average volume of 987,423. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.05. The stock has a market cap of $11,930.00, a P/E ratio of 106.47 and a beta of 2.15. 58.com has a 52 week low of $27.58 and a 52 week high of $85.04.

WUBA has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of 58.com from a “strong-buy” rating to a “hold” rating in a report on Saturday, September 16th. BidaskClub downgraded shares of 58.com from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 26th. Finally, TheStreet raised shares of 58.com from a “c+” rating to a “b-” rating in a report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. 58.com currently has an average rating of “Hold” and an average price target of $55.50.

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About 58.com

58.com Inc is a holding company. The Company’s business consists of its online classifieds and listing platforms. Its online classifieds and listings platforms enable local merchants and consumers to connect, share information and conduct business in China. These platforms include 58, Ganji and Anjuke.

Insider Buying and Selling by Quarter for 58.com (NYSE:WUBA)

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