Smart Share Global (NYSE:EM) Stock Price Up 1.3% – Should You Buy?

Smart Share Global Limited (NYSE:EM) was up 1.3% during trading on Wednesday . The company traded as high as $1.22 and last traded at $1.2150. Approximately 324,775 shares traded hands during trading, a decline of 48% from the average daily volume of 618,803 shares. The stock had previously closed at $1.20.

Smart Share Global Trading Up 1.3%

The company has a market capitalization of $308.05 million, a PE ratio of 40.51 and a beta of 0.69. The stock’s fifty day moving average is $1.35 and its two-hundred day moving average is $1.27.

Institutional Investors Weigh In On Smart Share Global

Several large investors have recently modified their holdings of EM. Qube Research & Technologies Ltd purchased a new stake in Smart Share Global in the third quarter worth $26,000. XTX Topco Ltd bought a new position in shares of Smart Share Global during the 2nd quarter worth $27,000. Two Sigma Investments LP purchased a new stake in Smart Share Global in the 3rd quarter worth about $58,000. PenderFund Capital Management Ltd. purchased a new stake in Smart Share Global in the 3rd quarter worth about $99,000. Finally, Citadel Advisors LLC bought a new stake in Smart Share Global in the 3rd quarter valued at about $186,000. Hedge funds and other institutional investors own 83.96% of the company’s stock.

Smart Share Global Company Profile

Smart Share Global Ltd. (NYSE: EM) is a technology-driven provider of digital display solutions and integrated marketing services. Headquartered in Hong Kong, the company specializes in the research, development, production and distribution of smart display hardware and software platforms. Its offerings are designed to help businesses modernize customer engagement through high-definition screens, interactive kiosks and LED video walls, supported by a proprietary content management system.

The company’s product portfolio includes digital signage panels, interactive touchscreens and system-on-chip media players, complemented by software for real-time content scheduling, remote monitoring and performance analytics.