Shares of Cango Inc. Sponsored ADR (NYSE:CANG - Get Free Report) saw unusually-high trading volume on Friday . Approximately 712,658 shares changed hands during trading, an increase of 95% from the previous session's volume of 365,911 shares.The stock last traded at $5.54 and had previously closed at $5.39.
Cango Stock Performance
The company's 50 day simple moving average is $4.68 and its 200-day simple moving average is $4.35. The firm has a market capitalization of $535.71 million, a PE ratio of -257.97 and a beta of 0.70.
Institutional Trading of Cango
A number of large investors have recently modified their holdings of the business. Electron Capital Partners LLC bought a new stake in Cango during the fourth quarter valued at approximately $5,895,000. BIT Capital GmbH purchased a new stake in shares of Cango during the 4th quarter valued at $3,670,000. HCEP Management Ltd bought a new stake in shares of Cango during the 4th quarter worth $1,738,000. O Shaughnessy Asset Management LLC purchased a new position in Cango in the fourth quarter worth $463,000. Finally, Invesco Ltd. bought a new position in Cango in the first quarter valued at $343,000. 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.
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