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E Commerce China Dangdang Inc ADR (NYSE:DANG) shares increases by 6.66%

Boston, MA 06/06/2013 (wallstreetpr) – The American Depository Shares of E Commerce China Dangdang Inc ADR (NYSE:DANG) had surged by 6.66 percent to close at $7.21 per share for the end of trading session on Wednesday. The ADRs of the company had been trading in the range of $6.68 to $7.42 per ADR during the day. With this recent surge in ADR prices, E Commerce China Dangdang Inc ADR (NYSE:DANG) had recorded new 52 week high price level of $7.42 per ADR, while the 52 week low price level of the company is at $3.68 per ADR.

E Commerce China Dangdang Inc ADR (NYSE:DANG) is a holding company involved in providing e-commerce services to business to customer clients. The company has its operations based in the People’s Republic of China where it provides wide range of product advertisements on its website. The products featuring in the website of E Commerce China Dangdang Inc ADR (NYSE:DANG) include Chinese and other language book titles, beauty and personal care products, home and lifestyle products and baby, children and maternity care products.

In the recent financial results for the first quarter, E Commerce China Dangdang Inc ADR (NYSE:DANG) had reported highest level of gross profit margin at 17.2 percent compared to 14.2 percent for the same quarter of previous year. The shares of the company witnessed a heavy trading volume with about 6.17 million shares exchanged on Wednesday, while the average trading volume is 2.09 million shares per day.

E Commerce China Dangdang Inc ADR (NYSE:DANG) presently holds 133.94 million shares outstanding in the market.

Published by Pushpa Naresh

Pushpa Naresh has done MBA (Finance) and an avid market tracker. She is a technical analyst who closely tracks US markets along with other global markets like India. She has been expressing her views about markets and also advises various clients.

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