AutoNavi Holdings Ltd (NASDAQ: AMAP) was downgraded by equities research analysts at Jefferies Group (NYSE: JEF) from a “buy” rating to a “hold” rating in a research note issued to investors on Monday. They currently have a $12.00 price target on the stock.
Separately, analysts at Zacks Investment Research downgraded shares of AutoNavi Holdings Ltd from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, January 25th.
AutoNavi Holdings Limited (AutoNavi) through its subsidiaries is primarily engaged in providing digital map content, navigation and location-based solutions in the People’s Republic of China. Its core business is a nationwide digital map database that covers approximately 2.8 million kilometers of roadway and over 12.5 million points of interest across China. In addition, it has completed three-dimensional (3-D) navigation maps of key areas in 19 major cities and photo-realistic 3-D models of 16 cities for government related projects. AutoNavi has also built a technology platform that enables it to develop solutions for its customers. The Company derived its revenues primarily from licensing its digital map data for use in in-dash navigation systems for automobiles and its navigation solutions for use in portable navigation devices. The Company also derives revenues through providing solutions to public sector and enterprise customers, including aerial photogrammetry solutions.
AutoNavi Holdings Ltd traded down 3.63% on Monday, hitting $10.63. AutoNavi Holdings Ltd has a 1-year low of $8.87 and a 1-year high of $20.20. The stock has a 50-day moving average of $10.19 and a 200-day moving average of $12.95. The company has a market cap of $506.0 million and a price-to-earnings ratio of 15.80.