Mogu Inc. (MOGU, Financial), a Chinese online fashion and lifestyle platform, experienced a significant stock price drop of 9.65%. The stock is currently trading at $2.05 per share with a trading volume of 1,194 shares and a turnover rate of 0.01%.
Recent financial reports reveal Mogu's revenue at $22.36 million, along with a net loss of $8.27 million. The earnings per share are negative, at -$0.95, and the gross profit stands at $9.38 million. The company's price-to-earnings ratio is -2.47, indicating financial difficulties.
In the broader internet retail sector, which recorded a 1.07% growth, Mogu shares appear under pressure. Comparatively, stocks like NFT Limited, Oriental Culture, and LightInTheBox saw considerable gains. Other active stocks in this sector include Jeffs' Brands Ltd, Jumia Technologies Ag, and Meitu Technology, with turnover rates of 3.92%, 2.00%, and 1.82% respectively. Stocks such as Oriental Culture and Jeffs' Brands Ltd exhibited significant volatility.
Mogu Inc. operates platforms such as Mogujie and Meilishuo, providing fashion and lifestyle content through multimedia formats like live video broadcasts and short videos. The company generates revenue domestically through online marketing, commissions, and technical services for merchants and brand owners.
