Hello Group (NASDAQ:MOMO) Stock Crosses Below 200-Day Moving Average of $6.49

Hello Group Inc. (NASDAQ:MOMO)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.49 and traded as low as $5.98. Hello Group shares last traded at $6.13, with a volume of 1,332,490 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MOMO shares. StockNews.com lowered shares of Hello Group from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Benchmark dropped their price target on shares of Hello Group from $22.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, March 15th.

Hello Group Stock Performance

The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 4.49 and a beta of 0.67. The company has a current ratio of 3.74, a quick ratio of 3.72 and a debt-to-equity ratio of 0.16. The stock has a 50-day simple moving average of $6.17 and a 200-day simple moving average of $6.48.

Hello Group (NASDAQ:MOMO) last announced its quarterly earnings data on Thursday, March 14th. The information services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.02). The company had revenue of $422.95 million for the quarter, compared to analyst estimates of $447.28 million. Hello Group had a return on equity of 17.23% and a net margin of 16.27%. On average, analysts anticipate that Hello Group Inc. will post 1.46 earnings per share for the current year.

Hello Group Cuts Dividend

The company also recently announced an annual dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 12th were given a $0.52 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This represents a dividend yield of 8.97%.

Institutional Trading of Hello Group

Several institutional investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new position in shares of Hello Group in the 4th quarter valued at about $28,000. Van ECK Associates Corp acquired a new stake in shares of Hello Group during the 3rd quarter worth approximately $55,000. Tower Research Capital LLC TRC lifted its holdings in shares of Hello Group by 10,987.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,311 shares of the information services provider’s stock worth $72,000 after purchasing an additional 10,218 shares during the last quarter. D Orazio & Associates Inc. acquired a new position in Hello Group during the 4th quarter valued at approximately $79,000. Finally, SG Americas Securities LLC bought a new position in Hello Group during the 4th quarter worth $124,000. Institutional investors own 50.96% of the company’s stock.

Hello Group Company Profile

Hello Group Inc provides mobile-based social and entertainment services in the People's Republic of China. It operates in three segments: Momo, Tantan, and QOOL. The company offers Momo, a mobile application that connects people and facilitates social interactions based on location, interests, and various online recreational activities, including live talent shows, short videos, social games, as well as other video- and audio-based interactive experiences, such as online parties, mobile karaoke and user participated reality shows; Tantan, a social and dating application; and other applications under the Hertz, Soulchill, Duidui, and Tietie names.