111 (NASDAQ:YI) stock observed trading -37.69% off 52-week high price. On the other end, the stock has been noted 193.63% away from low price over the last 52-weeks. The stock disclosed a move of 33.63% away from 50 day moving average and 19.72% away from 200 day moving average. Moving closer, we can see that shares have been trading 29.44% off 20-day moving average. It has market cap of $545.67M.
On Dec. 31, 2019, China’s Ministry of Science and Technology has named 111 (NASDAQ:YI) a National High-tech Enterprise, the Company declared. The designation is one of the highest awards for Chinese technology companies and makes 111 eligible for government benefits as a strategic high-technology company. The designation is also a recognition of 111’s depth of talent, technological expertise, and innovative role in China’s pharmaceutical and healthcare sector.
Smart retailing driven by advanced digital technology
Currently, 111’s largest investment focus is to create a world-leading IT infrastructure, data analytics and business smart systems and is reflected in its continuing investment in R&D, as demonstrated by the Company’s allocation of capital. 111 has an R&D team of over 300 people, which has developed proprietary applications, including client relationship management (CRM) systems, data analytics solutions, precision marketing, and supply chain management software, in order to bolster the Company’s smart systems and operational capabilities.
111’s Smart Sourcing System (SSS) is based on more than 30 proprietary smart systems, which include a procurement management system, warehouse management system, stock management system, transportation management system and price intelligence system. SSS thus serves as the backbone for 111’s nationwide smart supply chain network, and is 111’s most sophisticated, complex and widely used application. 111 has established 5 SSS-powered smart supply chain centers in Eastern, Northern, Central, Western, and Southern China, providing 24-hour delivery services for users in 23 major provinces and cities.
The China based company 111 moved with change of 4.34% to $6.73 with the total traded volume of 437529 shares in recent session versus to an average volume of 21.66K. The stock was observed in the 5 days activity at 30.68%. The one month performance of stock was 31.96%. YI’s shares are at 34.06% for the quarter and driving a 5.65% return over the course of the past year and is now at 9.61% since this point in 2018. The average volatility for the week and month was at 27.44% and 9.47% respectively. There are 81.08M shares outstanding and 7.18M shares are floated in market.
David Yen is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Business News category for our site. David Yen is a self-taught investor and follows the value investing approach to picking stocks. He possesses over 5 years of investment experience; an M.B.A. from Louisiana State University and also certified in Risk Management Assurance.
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