Cango Inc. (NYSE:CANG - Get Free Report) shares saw an uptick in trading volume on Wednesday . 2,985,580 shares were traded during mid-day trading, an increase of 2,132% from the previous session's volume of 133,786 shares.The stock last traded at $8.31 and had previously closed at $6.91.
Cango Price Performance
The business's 50 day moving average price is $3.31 and its 200 day moving average price is $2.30. The firm has a market cap of $871.34 million, a PE ratio of 47.06 and a beta of 0.79.
Institutional Trading of Cango
An institutional investor recently raised its position in Cango stock. International Assets Investment Management LLC grew its holdings in shares of Cango Inc. (NYSE:CANG - Free Report) by 99.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,485 shares of the company's stock after purchasing an additional 16,235 shares during the quarter. International Assets Investment Management LLC's holdings in Cango were worth $580,000 at the end of the most recent quarter. 4.22% of the stock is currently owned by institutional investors.
Cango Company Profile
(
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Cango Inc operates an automotive transaction service platform that connects dealers, original equipment manufacturers, financial institutions, car buyers, insurance brokers, and companies in the People's Republic of China. The company offers automobile trading solutions comprising car sourcing, transaction facilitation, logistics, and warehousing support for dealers through Cango Haoche app that offers new car transaction services, and Cango U-Car app that offers used-car transaction services.
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