Wells Fargo Starts Coverage on trivago N.V. – American Deposit (TRVG) With A Rating Of “Market Perform”

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trivago N.V. – American Deposit (NASDAQ:TRVG).

On July 12, 2017 Wells Fargo began coverage of TRVG by announcing an initial rating of “Market Perform”.

In the market the company is trading down by 1.41% percent from yesterday’s close. It is currently trading at $10.49 marginally under $11.15, the stock’s 50 day moving average and which is quite a bit below the 200 day moving average of $16.59. The 50 day moving average went down by -5.88% whereas the 200 day moving average was down $-6.10 or -36.77%.

The P/E ratio is 39.29 and the market cap of the company is 3.67B. As of the latest earnings report the EPS was $0.27 and is projected to be $0.02 for the current year with 350,047,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.02 with next year’s EPS projected to be $0.08.

Investors are a little more bullish on the company lately if you consider the motion in short interest. The stock saw a fall in short interest of -19.29% as of September 29, 2017 from the last reporting period. Short interest decreased from 9,950,110 to 8,030,700 over that period. The short-interest ratio increased to 7.0 and the percentage of shorted shares is 0.02% as of September 29.