DALLAS, June 15, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring E-Commerce China Dangdang Inc. (NYSE:DANG). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at:
E-Commerce China Dangdang Inc. (DANG) is a business-to-consumer e-commerce company in China. The Company offers more than 630,000 books and other media products on its Web site, as well as selected general merchandise products including beauty and personal care products, home and lifestyle products, and baby, children and maternity products. It also operates the dangdang.com marketplace program, which allows third-party merchants to sell their products alongside products sourced by the Company. DANG's nationwide fulfillment and delivery capabilities, high-quality customer service support and scalable technology infrastructure enable it to provide a compelling online shopping experience to customers.
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In the report, the analyst notes:
"DANG gained nearly 20% to close Tuesday at $7.49. In the past 52 weeks, shares of DANG have traded between a low of $10.72 and a high of $36.40. More than 8 million shares have traded hands during the session, versus the 3-month average volume of about 2.47 million."
"DANG reported unaudited results for the first quarter ended March 31, 2011, with total net revenues of $105.0 million, representing a 53.4% increase from the prior-year quarter. General merchandise revenue in the quarter was $25.1 million, a 161.6% increase from the corresponding period in 2010, representing 23.9% of total net revenues, compared to 14.0% in the corresponding period in 2010."
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