Cango Inc. (NYSE:CANG - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 252,437 shares traded hands during trading, an increase of 44% from the previous session's volume of 175,118 shares.The stock last traded at $5.14 and had previously closed at $4.85.
Cango Stock Up 3.5 %
The stock's 50-day moving average is $3.64 and its 200-day moving average is $2.42. The firm has a market cap of $546.77 million, a P/E ratio of 29.53 and a beta of 0.79.
Institutional Investors Weigh In On Cango
An institutional investor recently raised its position in Cango stock. International Assets Investment Management LLC boosted its holdings in shares of Cango Inc. (NYSE:CANG - Free Report) by 99.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,485 shares of the company's stock after buying 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 SEC filing. 4.22% of the stock is owned by hedge funds and other 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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