Shares of Cango Inc. (NYSE:CANG - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $4.92, but opened at $4.69. Cango shares last traded at $4.62, with a volume of 336,378 shares changing hands.
Cango Trading Down 4.3 %
The firm has a market cap of $513.00 million, a PE ratio of 27.71 and a beta of 0.79. The company has a 50 day moving average price of $3.97 and a 200 day moving average price of $2.53.
Institutional Trading of Cango
An institutional investor recently raised its position in Cango stock. Acadian Asset Management LLC boosted its holdings in Cango Inc. (NYSE:CANG - Free Report) by 48.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,922 shares of the company's stock after acquiring an additional 6,467 shares during the period. Acadian Asset Management LLC's holdings in Cango were worth $32,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 4.22% of the company's stock.
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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