NEW YORK (TheStreet) -- E-Commerce China Dangdang (DANG) is extending Thursday's rally into Friday's session. A day earlier, the Beijing-based business closed 31.5% higher after reporting better-than-expected quarterly sales and earnings.
By early afternoon Friday, shares had popped 10% to $14.41, adding to an overall 41.7% gain since Monday.
In the three months to December, the internet retailer reported net income of 4 cents a share. Analysts surveyed by Thomson Reuters had forecast a net loss of 7 cents a share.
Also See: Baidu Surge After Q4 Earnings
TheStreet Ratings team rates E-COMMERCE CH DANGDANG -ADR as a Sell with a ratings score of D. The team has this to say about their recommendation:
"We rate E-COMMERCE CH DANGDANG -ADR (DANG) a SELL. This is driven by multiple 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. Among the areas we feel are negative, one of the most important has been poor profit margins."
- You can view the full analysis from the report here: DANG Ratings Report