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    MOGU   US6080121006


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INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against MOGU Inc. and Encourages Investors with Losses of $100,000 to Contact the Firm

04/16/2021 | 09:54am EST

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of MOGU Inc. (“MOGU” or “the Company”) (NYSE: MOGU) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. MOGU disclosed its unaudited financial results for the third quarter of fiscal year 2021 on February 25, 2021. The Company stated: “Commission revenues decreased by 29.8% to RMB99.2 million (US$15.2 million) from RMB141.2 million in the same period of fiscal year 2020, primarily due to the restructuring of the Company’s business towards a LVB-focused model,” and that “Marketing services revenues decreased by 75.9% to RMB17.4 million (US$2.7 million) from RMB72.5 million in the same period of fiscal year 2020 … primarily due to the restructuring of the Company’s business towards a LVB-focused model,” and that “other revenues decreased by 46.4% to RMB29.9 million (US$4.6 million) from RMB55.9 million in the same period of fiscal year 2020, primarily due to a decrease in online direct sales.” The Company also reported a loss from operations of RMB123.2 million, “primarily attributable to a goodwill impairment incurred in the third quarter of fiscal year 2020.” Based on this news, MOGU’s ADR price fell by 17% over the next several trading sessions.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of The Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

ę Business Wire 2021
All news about MOGU INC.
10:39aAsian ADRs Decline in Friday Trading
11/19MOGU Announces Receipt of NYSE Non-Compliance Letter Regarding ADS Trading Price
11/19MOGU : Announces Receipt of NYSE Non-compliance Letter Regarding ADS Trading Price - Form ..
10/20Asian ADRs Nudge Higher in Wednesday Trading
10/19Asian ADRs Climb Higher in Tuesday Trading
10/06Asian ADRs Move Lower in Wednesday Trading
09/29Asian ADRs Slightly Higher Wednesday
09/20MOGU INC.(NYSE : MOGU) dropped from S&P Global BMI Index
09/16Asian ADRs Move Lower in Thursday Trading
09/12MOGU Inc.’s Equity Buyback announced on September 14, 2020, has expired.
More news
Analyst Recommendations on MOGU INC.
More recommendations
Sales 2021 482 M 75,7 M 75,7 M
Net income 2021 -328 M -51,5 M -51,5 M
Net cash 2021 805 M 126 M 126 M
P/E ratio 2021 -4,08x
Yield 2021 -
Capitalization 397 M 62,2 M 62,2 M
EV / Sales 2020 -0,28x
EV / Sales 2021 1,18x
Nbr of Employees 605
Free-Float 73,3%
Duration : Period :
MOGU Inc. Technical Analysis Chart | MOGU | US6080121006 | MarketScreener
Technical analysis trends MOGU INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 1
Last Close Price 0,62 
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Qi Chen Chairman & Chief Executive Officer
Xu Qiang Yue Chief Operating Officer & Director
Andrew Hong Teoh Independent Director
Sheng Wen Rong Independent Director
Yi Bo Wei Director
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