Shares of DiDi Global Inc. (OTCMKTS:DIDIY – Get Free Report) rose 9.6% during trading on Thursday . The company traded as high as $3.88 and last traded at $3.88. Approximately 7,456,156 shares traded hands during trading, an increase of 5% from the average session volume of 7,084,615 shares. The stock had previously closed at $3.54.
DiDi Global Trading Up 9.6%
The firm’s fifty day simple moving average is $3.53 and its two-hundred day simple moving average is $3.89. The company has a market capitalization of $17.69 billion, a price-to-earnings ratio of -48.50 and a beta of 0.50.
DiDi Global (OTCMKTS:DIDIY – Get Free Report) last announced its quarterly earnings results on Tuesday, June 2nd. The ride-hailing company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. DiDi Global had a negative net margin of 1.11% and a positive return on equity of 4.99%. The business had revenue of $8.48 billion during the quarter, compared to the consensus estimate of $8.56 billion. As a group, analysts forecast that DiDi Global Inc. will post -0.02 EPS for the current fiscal year.
DiDi Global Company Profile
DiDi Global Inc, formerly known as Didi Chuxing, is a China-based mobility technology company that connects passengers, drivers and other transportation providers through digital platforms. Its core business is ride-hailing, including private-car services, taxi booking, express and premium rides, and other on-demand transportation options.
The company has also developed services such as carpooling, chauffeur services, bike and scooter sharing, vehicle leasing and fleet solutions. In addition, DiDi has offered technology and operational services for drivers, vehicle owners and transportation partners, with the goal of supporting mobility and transportation networks.
Founded in 2012 through the combination of two Chinese ride-hailing businesses, DiDi expanded beyond China into selected international markets, particularly in Latin America and other regions.
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