Quick Win by the Algorithm: Bitauto Holdings Limited (NYSE: BITA) Dives Deep Under Market Surface Down To -30.73% In 1 Month
Quick Algorithm
“As we continue to make healthy progress across our business lines, we are optimistic about Bitauto’s profitability outlook for 2018. We expect to expand margins over the coming quarters as we drive cost saving synergies between Bitauto and Yixin, increased efficiencies in our media business, and economies of scale from Yixin.”
– Ms. Cynthia He, Chief Financial Officer of Bitauto
Over the March Bitauto stock price experienced ups and downs. During the first third of the month the stock price oscillated around $29 per share and jumped up
