Moatable Inc ADR (MTBLY)

[BottomBounce]

Bloomberg News $RENN Renren Surges on Buyout Bets as Airlines Drop: China Overnight Renren’s stock traded at 1.3 times its book value, compared with a multiple (RENN:US) of 5 for Sina Corp., which owns the Twitter-like Weibo service, and 9.9 for Facebook Inc., a social-networking service provider in the U.S. Renren reported $155 million of cash by the end of second quarter.

“Some value investors could buy Renren as an undervalued stock and the company is very close to cash,” Echo He, a New York-based senior analyst at Maxim Group LLC said by phone yesterday. http://www.businessweek.com/news/2013-10-02/renren-surges-on-buyout-bets-as-airlines-drop-china-overnight