Token Cat Limited – Sponsored ADR (NASDAQ:TC – Get Free Report) dropped 2.3% during trading on Friday . The stock traded as low as $8.60 and last traded at $8.55. Approximately 1,273 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 6,947 shares. The stock had previously closed at $8.75.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Token Cat in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.
Read Our Latest Research Report on TC
Token Cat Price Performance
Institutional Trading of Token Cat
An institutional investor recently bought a new position in Token Cat stock. Sabby Management LLC bought a new position in Token Cat Limited – Sponsored ADR (NASDAQ:TC – Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,983 shares of the company’s stock, valued at approximately $55,000. Token Cat accounts for about 0.1% of Sabby Management LLC’s holdings, making the stock its 24th biggest holding. Sabby Management LLC owned approximately 0.24% of Token Cat as of its most recent SEC filing. 8.88% of the stock is currently owned by hedge funds and other institutional investors.
About Token Cat
TuanChe Limited, through its subsidiaries, operates as an omni-channel automotive marketplace in China and internationally. It organizes auto shows and special promotion events; and provides integrated marketing solutions to industry customers, which include automakers, franchised dealerships, secondary dealers, and automotive service providers, as well as enable interactions between participants on both sides of a potential transaction. The company also offers business and technical support, and consulting services; online marketing services through various online platforms, including tuanche.com website, WeChat account, WeChat mini-program, mobile applications, and Cheshangtong, a SaaS product; and referral services for commercial bank to enhance its auto loan business.
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