Shares of Cango Inc. (NYSE:CANG - Get Free Report) were down 2% on Tuesday . The company traded as low as $3.01 and last traded at $3.15. Approximately 297,493 shares were traded during trading, a decline of 41% from the average daily volume of 503,946 shares. The stock had previously closed at $3.21.
Cango Stock Performance
The company has a market cap of $369.67 million, a P/E ratio of 19.96 and a beta of 0.76. The stock has a 50-day moving average of $4.42 and a two-hundred day moving average of $3.41.
Cango (NYSE:CANG - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.07 earnings per share for the quarter. Cango had a return on equity of 3.55% and a net margin of 51.90%. The company had revenue of $91.52 million during the quarter.
Institutional Trading of Cango
Several hedge funds have recently bought and sold shares of CANG. Electron Capital Partners LLC bought a new position in shares of Cango in the fourth quarter worth about $5,895,000. BIT Capital GmbH bought a new position in shares of Cango in the fourth quarter worth about $3,670,000. HCEP Management Ltd bought a new position in shares of Cango in the fourth quarter worth about $1,738,000. O Shaughnessy Asset Management LLC bought a new position in shares of Cango in the fourth quarter worth about $463,000. Finally, Marshall Wace LLP bought a new position in shares of Cango in the fourth quarter worth about $351,000. Institutional investors own 4.22% of the company's stock.
About Cango
(
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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.
Further Reading
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