(VIANEWS) – Shares of Pinduoduo (NASDAQ: PDD) jumped by a staggering 18.13% to $70.90 at 11:27 EST on Friday, after three successive sessions in a row of losses. NASDAQ is jumping 1.65% to $12,908.04, following the last session’s upward trend. This seems, so far, an all-around positive trend exchanging session today.
Pinduoduo’s last close was $60.02, 43.58% under its 52-week high of $106.38.
PDD Holdings Inc., a multinational commerce group, owns and operates a portfolio of businesses. It operates Pinduoduo, an e-commerce platform that offers products in various categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverage, electronic appliances, furniture and household goods, cosmetics and other personal care, sports and fitness items and auto accessories; and Temu, an online marketplace. It focuses on bringing businesses and people into the digital economy. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023. PDD Holdings Inc. was incorporated in 2015 and is based in Dublin, Ireland.
Earnings Per Share
As for profitability, Pinduoduo has a trailing twelve months EPS of $3.02.
Pinduoduo has a trailing twelve months price to earnings ratio of 23.48. Meaning, the purchaser of the share is investing $23.48 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 32.7%.
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