SEA (SE) Sets New 12-Month High and Low at $17.18

Sea (NYSE:SE) hit a new 52-week high and low during trading on Tuesday . The company traded as low as $17.18 and last traded at $17.03, with a volume of 94566 shares changing hands. The stock had previously closed at $15.80.

Separately, ValuEngine upgraded SEA from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. SEA presently has a consensus rating of “Buy” and an average price target of $18.00.

The stock has a market cap of $5.19 billion and a P/E ratio of -5.49. The company has a quick ratio of 2.17, a current ratio of 2.18 and a debt-to-equity ratio of 2.53.

SEA (NYSE:SE) last released its earnings results on Wednesday, May 16th. The pipeline company reported ($0.61) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.60) by ($0.01). The firm had revenue of $197.04 million during the quarter, compared to the consensus estimate of $159.54 million. The firm’s quarterly revenue was up 81.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.39) EPS. research analysts expect that Sea will post -2.49 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SE. Barings LLC purchased a new stake in shares of SEA in the fourth quarter valued at $1,975,000. Wells Fargo & Company MN purchased a new stake in shares of SEA in the fourth quarter valued at $13,630,000. BlackRock Inc. purchased a new stake in shares of SEA in the fourth quarter valued at $64,475,000. Employees Retirement System of Texas purchased a new stake in shares of SEA in the fourth quarter valued at $6,667,000. Finally, Ontario Teachers Pension Plan Board purchased a new stake in shares of SEA in the fourth quarter valued at $123,426,000. Institutional investors own 23.61% of the company’s stock.

About SEA

Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in the Greater Southeast Asia. The company operates through three segments: Digital Entertainment, E-commerce and Digital Financial services. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features.

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