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Several brokerages have updated their recommendations and price targets on shares of Renren (NYSE: RENN) in the last few weeks:

RENN traded up $0.06 on Wednesday, reaching $0.83. The stock had a trading volume of 161,287 shares, compared to its average volume of 45,065. The company has a current ratio of 1.24, a quick ratio of 0.80 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $57.10 million, a price-to-earnings ratio of 0.64 and a beta of 0.62. Renren Inc has a fifty-two week low of $0.54 and a fifty-two week high of $2.47. The firm has a 50-day moving average of $0.79 and a 200-day moving average of $0.83.

Shares of Renren are going to reverse split before the market opens on Thursday, January 9th. The 1-3 reverse split was announced on Wednesday, December 11th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, January 8th.

Renren (NYSE:RENN) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported ($0.12) EPS for the quarter. Renren had a negative return on equity of 29.31% and a net margin of 3.46%. The business had revenue of $104.77 million for the quarter. Sell-side analysts anticipate that Renren Inc will post -0.55 EPS for the current fiscal year.

A hedge fund recently raised its stake in Renren stock. Morgan Stanley increased its stake in shares of Renren Inc (NYSE:RENN) by 38.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 539,121 shares of the technology companys stock after acquiring an additional 149,769 shares during the quarter. Morgan Stanley owned approximately 0.78% of Renren worth $523,000 at the end of the most recent quarter. Institutional investors and hedge funds own 1.62% of the companys stock.

Renren Inc operates a social networking Internet platform in the People's Republic of China. It operates through two segments, Renren and Auto Group. The company operates Renren.com and Renren Mobile App that enable users to communicate and stay connected with friends, classmates, family members, and co-workers; and woxiu.com, a PC-based social video platform for users to stream their performances live to viewers.

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Recent Research Analysts Ratings Updates for Renren (RENN) - Riverton Roll