Smart Share Global (NYSE:EM) Shares Down 2.2% – Here’s Why

Smart Share Global Limited (NYSE:EM)’s stock price dropped 2.2% during mid-day trading on Wednesday . The company traded as low as $0.67 and last traded at $0.71. Approximately 32,609 shares were traded during trading, a decline of 81% from the average daily volume of 174,609 shares. The stock had previously closed at $0.73.

Smart Share Global Stock Up 0.7 %

The company has a fifty day moving average price of $0.66 and a 200 day moving average price of $0.80. The stock has a market cap of $192.09 million, a PE ratio of 24.49 and a beta of 0.60.

Smart Share Global (NYSE:EM) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.10). The company had revenue of $63.70 million during the quarter. Smart Share Global had a return on equity of 2.23% and a net margin of 3.10%.

About Smart Share Global

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.