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Why MeetMe (MEET) Stock Is Up Today

Stocks in this article: MEET

NEW YORK (TheStreet) -- MeetMe (MEET) was gaining 8.5% to $2.01 Thursday after announcing a record number of daily active users on mobile apps.

MeetMe announced that its mobile apps saw a total of 924,000 unique daily active users on Tuesday. The company also set a record on Android, with more than 567,000 users logged-in on Google's (GOOGL) mobile platform.

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TheStreet Ratings team rates MEETME INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

"We rate MEETME INC (MEET) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The area that we feel has been the company's primary weakness has been its disappointing return on equity."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. Compared to other companies in the Internet Software & Services industry and the overall market, MEETME INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • MEETME INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, MEETME INC reported poor results of -$0.29 versus -$0.18 in the prior year. This year, the market expects an improvement in earnings (-$0.21 versus -$0.29).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Internet Software & Services industry. The net income increased by 53.3% when compared to the same quarter one year prior, rising from -$7.33 million to -$3.42 million.
  • Compared to where it was a year ago today, the stock is now trading at a higher level, and has traded in line with the S&P 500. Turning our attention to the future direction of the stock, we do not believe this stock offers ample reward opportunity to compensate for the risks, despite the fact that it rose over the past year.
  • Although MEET's debt-to-equity ratio of 0.07 is very low, it is currently higher than that of the industry average. To add to this, MEET has a quick ratio of 1.58, which demonstrates the ability of the company to cover short-term liquidity needs.
  • You can view the full analysis from the report here: MEET Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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