Cango Inc. (NYSE:CANG - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 861,463 shares changed hands during mid-day trading, a decline of 1% from the previous session's volume of 868,763 shares.The stock last traded at $5.13 and had previously closed at $5.02.
Cango Stock Up 4.6 %
The stock has a 50 day moving average price of $4.19 and a two-hundred day moving average price of $2.61. The company has a market cap of $571.82 million, a P/E ratio of 30.88 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 increased its stake in Cango Inc. (NYSE:CANG - Free Report) by 99.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,485 shares of the company's stock after purchasing an additional 16,235 shares during the period. International Assets Investment Management LLC's holdings in Cango were worth $580,000 as of its most recent filing with the SEC. 4.22% of the stock is owned by institutional investors and hedge funds.
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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