Phoenix Tree (NASDAQ:LIZI) Trading Up 13.7%

Phoenix Tree Holdings Limited (NASDAQ:LIZI) shares were up 13.7% on Thursday . The stock traded as high as $2.73 and last traded at $2.57. Approximately 555,191 shares traded hands during mid-day trading, an increase of 749% from the average daily volume of 65,410 shares. The stock had previously closed at $2.26.

Separately, Needham & Company LLC reduced their target price on shares of Phoenix Tree from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, August 14th.

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.56 and a quick ratio of 1.56. The company has a 50 day moving average price of $3.84 and a 200 day moving average price of $5.12.

Phoenix Tree (NASDAQ:LIZI) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $49.67 million during the quarter.

About Phoenix Tree (NASDAQ:LIZI)

Lizhi Inc operates as an online UGC audio community in the People's Republic of China. It operates an interactive audio entertainment and online audio platform, as well as offers Lizhi app that allows users to record and share their voices on mobile devices. The company was founded in 2010 and is headquartered in Guangzhou, the People's Republic of China.

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