Cheche Group (NASDAQ:CCG) Sees Large Volume Increase – Here’s What Happened

Shares of Cheche Group Inc. (NASDAQ:CCGGet Free Report) saw an uptick in trading volume on Tuesday . Approximately 4,547 shares were traded during trading, an increase of 37% from the previous session’s volume of 3,329 shares.The stock last traded at $13.95 and had previously closed at $15.17.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cheche Group in a research note on Friday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

View Our Latest Stock Report on CCG

Cheche Group Stock Down 25.0%

The business’s 50 day simple moving average is $17.33 and its 200-day simple moving average is $23.94. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market cap of $785.90 million, a price-to-earnings ratio of -154.11 and a beta of 0.17.

Institutional Trading of Cheche Group

A hedge fund recently bought a new stake in Cheche Group stock. XTX Topco Ltd bought a new stake in Cheche Group Inc. (NASDAQ:CCGFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 36,369 shares of the company’s stock, valued at approximately $30,000. XTX Topco Ltd owned approximately 0.06% of Cheche Group at the end of the most recent reporting period. 19.76% of the stock is owned by hedge funds and other institutional investors.

Cheche Group Company Profile

(Get Free Report)

Cheche Group Inc offer auto insurance technology platform. The company evolved into a comprehensive, data-driven technology platform which offers a full suite of services and products for digital insurance transactions and insurance SaaS solutions principally in China. Cheche Group Inc, formerly known as Prime Impact, is headquartered in Beijing, China.

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