Equities research analysts forecast that Jianpu Technology Inc – (NYSE:JT) will post earnings per share (EPS) of ($0.05) for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Jianpu Technology’s earnings. Jianpu Technology posted earnings per share of $0.03 in the same quarter last year, which would suggest a negative year over year growth rate of 266.7%. The company is expected to report its next earnings results on Tuesday, June 30th.

According to Zacks, analysts expect that Jianpu Technology will report full year earnings of ($0.13) per share for the current fiscal year. For the next year, analysts anticipate that the business will post earnings of ($0.07) per share. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Jianpu Technology.

Separately, Zacks Investment Research downgraded shares of Jianpu Technology from a “buy” rating to a “hold” rating in a report on Friday, May 29th.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its holdings in Jianpu Technology by 13.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,412,073 shares of the company’s stock worth $2,104,000 after purchasing an additional 164,678 shares in the last quarter. State Street Corp increased its holdings in shares of Jianpu Technology by 8.0% during the fourth quarter. State Street Corp now owns 190,361 shares of the company’s stock valued at $284,000 after acquiring an additional 14,077 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Jianpu Technology during the first quarter valued at about $40,000. Finally, Morgan Stanley increased its holdings in shares of Jianpu Technology by 1.3% during the first quarter. Morgan Stanley now owns 10,929,543 shares of the company’s stock valued at $9,181,000 after acquiring an additional 139,140 shares in the last quarter. 18.41% of the stock is currently owned by institutional investors.

Shares of JT traded down $0.05 on Monday, reaching $0.69. The company’s stock had a trading volume of 132,600 shares, compared to its average volume of 165,424. The stock has a market capitalization of $116.98 million, a P/E ratio of -2.31 and a beta of 1.05. The stock’s 50 day simple moving average is $0.78 and its two-hundred day simple moving average is $1.05. Jianpu Technology has a 12-month low of $0.60 and a 12-month high of $4.13.

Jianpu Technology Company Profile

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.

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