Smart Share Global (NYSE:EM) Shares Down 0.9% – Here’s What Happened

Smart Share Global Limited (NYSE:EM – Get Free Report) shares dropped 0.9% on Tuesday . The stock traded as low as $1.12 and last traded at $1.12. Approximately 251,078 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 313,421 shares. The stock had previously closed at $1.13.

Smart Share Global Price Performance

The company has a market cap of $290.72 million, a price-to-earnings ratio of 37.35 and a beta of 0.69. The firm has a fifty day simple moving average of $1.12 and a 200 day simple moving average of $0.85.

About Smart Share Global

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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.

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