Baidu.com, Inc. (ADR) (NASDAQ:BIDU), demonstrated very impressive revenue growth and greatly exceeded the industry average of 23.2%. Since the same quarter one year prior, revenues leaped by 82.0%. Growth in the company’s revenue appears to have helped boost the earnings per share. Thus, these great financial results are likely sooner or later to uplift binary BIDU, at least to some extend.
Baidu.com, Inc. from mid-April has been in a decreasing channel. Presently, BIDU is exchanged at $ 113.17.
The current binary BIDU’s negative standing is well represented by the fact that the stock is far below its ranges of MA – 50 and 200. MA – 50′s value is $120.01, while, MA – 200 is valued at $ 128.86, as this could be seen from the graph as well. These standings show that Biadu‘s smart phone introduction was not enough to put back the company on a winning edge.
Moreover, the present trading volume is lower than the usual amount for the company. Most probably, this means that there is less binary investors’ interest in the company.
There have been multiple examples of losing ground internet companies. Other company’s within the Internet industry that declined today were: Friendfinder Networks (FFN), down 8.2%, Yandex (YNDX), down 6.7%, CafePress (PRSS), down 4.8%, and Opentable (OPEN), down 4.4%.
Launched October 11, 1999
Incorporated on January 18, 2000
A Chinese web services company
The information in the above analysis is collected from different sources and should serve for informative purposes only. The author shall not be held responsible for the validity of the presented information. No part of this analysis recommends the purchase or sale of a currency pair or any other financial instrument.