Jianpu Technology (NYSE:JT) Issues Quarterly Earnings Results

Jianpu Technology (NYSE:JT) posted its quarterly earnings results on Monday. The company reported ($0.41) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.57), Yahoo Finance reports. Jianpu Technology had a negative return on equity of 23.56% and a negative net margin of 21.63%. The business had revenue of $41.61 million during the quarter, compared to the consensus estimate of $157.83 million. Jianpu Technology updated its Q1 2020
Pre-Market guidance to EPS.

JT traded up $0.03 on Wednesday, hitting $0.99. The company had a trading volume of 800 shares, compared to its average volume of 96,729. The business’s fifty day simple moving average is $1.10 and its 200 day simple moving average is $1.76. Jianpu Technology has a 12-month low of $0.72 and a 12-month high of $5.35. The company has a market cap of $153.74 million, a PE ratio of -3.33 and a beta of 1.16.

Separately, Zacks Investment Research upgraded shares of Jianpu Technology from a “hold” rating to a “buy” rating and set a $1.25 price objective for the company in a research report on Thursday, March 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Jianpu Technology presently has a consensus rating of “Hold” and a consensus price target of $1.25.

About Jianpu Technology

Jianpu Technology Inc operates a platform that provides online discovery and recommendation services for financial products in the People's Republic of China. Its platform allows users to access to financial products, including consumer and other loans, credit cards, and wealth management products.

Recommended Story: Coverage Ratio

Earnings History for Jianpu Technology (NYSE:JT)

Receive News & Ratings for Jianpu Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jianpu Technology and related companies with MarketBeat.com's FREE daily email newsletter.