Zacks Investment Research cut shares of Meili (NASDAQ:MOGU) from a hold rating to a sell rating in a research note published on Friday, reports.

According to Zacks, “MOGU Inc. provides an online clothing platform. The Company offers fashion, beauty and lifestyle products and accessories. It also focuses on content comprised of live video broadcasts, short-form videos, photographs and articles covering topics. MOGU Inc. is based in Hangzhou, China. “

Separately, Morgan Stanley lowered shares of Meili from an equal weight rating to an underweight rating and reduced their price target for the company from $14.00 to $4.20 in a report on Monday, June 3rd.

Meili stock opened at $2.90 on Friday. Meili has a 1 year low of $2.50 and a 1 year high of $25.69. The firm has a 50-day moving average of $4.81.

Meili (NASDAQ:MOGU) last posted its quarterly earnings results on Thursday, May 30th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.13. The business had revenue of $32.42 million during the quarter.

Meili Company Profile

Meili Inc develops and operates a fashion e-commerce platform which enables women to find personalized clothing and skin care products. The company was founded in 2016 and is based in Beijing, China.

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