(VIANEWS) - Shares of Pinduoduo (NASDAQ: PDD) slid 9.09% to $84.93 at 11:17 EST on Tuesday, after two successive sessions in a row of losses. NASDAQ is falling 1.41% to $11,621.63, after two sequential sessions in a row of losses. This seems, up to now, an all-around negative trend exchanging session today.
Pinduoduo's last close was $93.42, 12.18% below its 52-week high of $106.38.
About Pinduoduo
Pinduoduo Inc., through its subsidiaries, operates an e-commerce platform in the People's Republic of China. It operates Pinduoduo, a mobile platform that offers a range of products, including apparel, shoes, bags, mother and childcare products, food and beverages, fresh produce, electronic appliances, furniture and household goods, cosmetics and other personal care items, sports and fitness items, and auto accessories. The company was formerly known as Walnut Street Group Holding Limited and changed its name to Pinduoduo Inc. in July 2018. Pinduoduo Inc. was incorporated in 2015 and is headquartered in Shanghai, the People's Republic of China.
Earnings Per Share
As for profitability, Pinduoduo has a trailing twelve months EPS of $-0.93.
The company's return on equity, which measures the profitability of a business relative to shareholder's equity, for the twelve trailing months is 32.76%.Sales Growth
Pinduoduo's sales growth is 58.8% for the ongoing quarter and 44.8% for the next.
Growth Estimates Quarters
The company's growth estimates for the present quarter and the next is 36.4% and 54.5%, respectively.More news about Pinduoduo (PDD).