Cango Inc. (NYSE:CANG - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $5.49, but opened at $6.45. Cango shares last traded at $5.55, with a volume of 1,550,839 shares traded.
Cango Stock Up 25.9 %
The firm has a 50-day moving average price of $3.21 and a 200 day moving average price of $2.26. The firm has a market capitalization of $752.62 million, a PE ratio of 35.41 and a beta of 0.79.
Institutional Trading of Cango
Hedge funds and other institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC raised its position in shares of Cango by 48.1% during the 2nd quarter. Acadian Asset Management LLC now owns 19,922 shares of the company's stock worth $32,000 after acquiring an additional 6,467 shares in the last quarter. Cetera Advisors LLC purchased a new position in Cango in the first quarter valued at approximately $150,000. Finally, International Assets Investment Management LLC raised its holdings in Cango by 99.9% during the third quarter. International Assets Investment Management LLC now owns 32,485 shares of the company's stock worth $580,000 after purchasing an additional 16,235 shares in the last quarter. 4.22% of the stock is currently owned by institutional investors and hedge funds.
Cango Company Profile
(
Get Free Report)
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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