Token Cat Limited – Sponsored ADR (NASDAQ:TC – Get Free Report) traded up 3.5% during trading on Friday . The stock traded as high as $8.00 and last traded at $7.76. Approximately 15,527 shares traded hands during trading, an increase of 53% from the average session volume of 10,120 shares. The stock had previously closed at $7.50.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Token Cat in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.
Get Our Latest Stock Report on Token Cat
Token Cat Price Performance
Institutional Trading of Token Cat
A hedge fund recently bought a new stake in Token Cat stock. Sabby Management LLC bought a new position in Token Cat Limited – Sponsored ADR (NASDAQ:TC – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,983 shares of the company’s stock, valued at approximately $55,000. Token Cat makes up about 0.1% of Sabby Management LLC’s holdings, making the stock its 24th biggest position. Sabby Management LLC owned approximately 0.24% of Token Cat as of its most recent filing with the Securities and Exchange Commission (SEC). 8.88% of the stock is owned by hedge funds and other institutional investors.
Token Cat Company Profile
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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