Facebook Inc (NASDAQ:FB) scored a New Year’s Eve boosted from the previous Wall Street analyst to carry a sell rating on the world’s biggest social network’s security.
Shares of Menlo Park, California based Facebook hiked around 2% to settle at $26.41 after BMO Capital Markets boosted the stock rating to outperform from underperform. Stifel Nicolaus also hiked its price target on the world’s biggest social network.
The actions were the most recent in a trend of improving investor sentiment toward Facebook, which spent the previous half of the year under the cloud of an unsatisfactory and controversial initial public offering in mid-May, which priced the security at $38 per share to observe the share price collapse over 50% during the coming few months.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. MeetMe Inc (NYSE:MEET) rose +4.80% to settle at $3.49, Renren Inc (NYSE:RENN) moved up +4.55% to end at $3.45 while Google Inc (NASDAQ:GOOG) jumped +1.05% to finish at $707.38 on Monday.
Facebook Inc (NASDAQ:FB) last session’s volume of 60.37 million shares was surprisingly lower than its average volume of 68.11 million shares. The stock after opening at $26.20 hit high price of $26.99 and then closed at $26.62 by scoring +2.73%.
The liquidity measure in recent quarter results of the company was recorded 11.38 as current ratio and on the other side the debt to equity ratio was 0.06 and long-term debt to equity ratio remained at 0.04. The Company had total cash of $10.45 billion at hand and a book value per share as $6.59 in the most recent quarter.
The stock’s price volatility was 3.63% for a week and 3.76% for a month as well as price volatility’s Average True Range for 14 days was 1.06.
FB generated revenue of $4.64 billion in the previous twelve months and earned $195.00 million. The Company showed a positive 6.24% in the net profit margin as well as in its operating margin which remained at 12.13%.
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