Cango Inc. (NYSE:CANG - Get Free Report) traded up 9.1% during mid-day trading on Tuesday . The company traded as high as $4.76 and last traded at $4.66. 53,313 shares changed hands during trading, a decline of 94% from the average session volume of 907,524 shares. The stock had previously closed at $4.27.
Cango Stock Up 4.4 %
The firm's 50-day simple moving average is $4.46 and its 200 day simple moving average is $2.75. The firm has a market cap of $485.77 million, a P/E ratio of 26.24 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 boosted its holdings in shares of Cango Inc. (NYSE:CANG - Free Report) by 99.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm 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. Institutional investors own 4.22% of the company's stock.
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.
Further Reading
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