THE MOTLEY FOOL – Feb 11 – Momo stock lost ~46% of its value from October through December, and the stock posted big gains in January (up 28%) as the market regained some ground. There doesn't appear to have been any company-specific news behind the company's stock gains last month, but Momo trades at low multiples compared to its earnings trajectory, and investors piled back into the stock as skittishness in the broader market abated. Momo is a stock that could see more big gains if the country's tech sector continues to recover. The company's monthly active user base continues to climb (up 17% YOY last quarter).
See full article at Fox Business
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