Cango Inc. (NYSE:CANG - Get Free Report)'s stock price was up 8.3% during mid-day trading on Friday . The stock traded as high as $5.17 and last traded at $5.15. Approximately 111,578 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 664,744 shares. The stock had previously closed at $4.76.
Cango Price Performance
The business has a fifty day moving average price of $4.67 and a 200 day moving average price of $2.93. The company has a market capitalization of $559.74 million, a price-to-earnings ratio of 30.23 and a beta of 0.75.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Cango stock. International Assets Investment Management LLC grew its holdings in shares of Cango Inc. (NYSE:CANG - Free Report) by 99.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 Securities and Exchange Commission. 4.22% of the stock is currently owned by institutional investors.
About Cango
(
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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