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Smart Share Global (NYSE:EM) Trading Up 2.9% - Here's Why

Smart Share Global logo with Consumer Discretionary background

Smart Share Global Limited (NYSE:EM - Get Free Report) shares traded up 2.9% on Monday . The stock traded as high as $0.72 and last traded at $0.72. 10,880 shares were traded during trading, a decline of 93% from the average session volume of 165,025 shares. The stock had previously closed at $0.70.

Smart Share Global Price Performance

The company's 50-day moving average price is $0.68 and its two-hundred day moving average price is $0.80. The company has a market capitalization of $184.30 million, a price-to-earnings ratio of 23.33 and a beta of 0.59.

Smart Share Global (NYSE:EM - Get Free Report) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.10). Smart Share Global had a return on equity of 2.23% and a net margin of 3.10%. The business had revenue of $63.70 million during the quarter.

About Smart Share Global

(Get Free Report)

Smart Share Global Limited, a consumer tech company, provides mobile device charging services in the People's Republic of China. The company provides mobile device charging services through online and offline networks; and rents power banks. It offers services through its power banks placed in points of interests (POIs) operated by its location partners, such as entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces.

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