Cango Inc. Sponsored ADR (NYSE:CANG - Get Free Report) saw an uptick in trading volume on Friday . 720,754 shares changed hands during mid-day trading, an increase of 85% from the previous session's volume of 390,039 shares.The stock last traded at $5.29 and had previously closed at $5.18.
Cango Stock Up 2.5%
The firm has a market cap of $551.07 million, a PE ratio of -265.37 and a beta of 0.70. The firm has a 50-day moving average price of $4.77 and a two-hundred day moving average price of $4.36.
Institutional Trading of Cango
Institutional investors and hedge funds have recently made changes to their positions in the company. Electron Capital Partners LLC acquired a new stake in Cango during the 4th quarter valued at $5,895,000. BIT Capital GmbH purchased a new position in shares of Cango in the 4th quarter worth $3,670,000. HCEP Management Ltd purchased a new position in Cango in the fourth quarter valued at about $1,738,000. O Shaughnessy Asset Management LLC purchased a new position in Cango in the fourth quarter valued at about $463,000. Finally, Invesco Ltd. purchased a new stake in shares of Cango during the first quarter worth about $343,000. 4.22% of the stock is owned by hedge funds and other institutional investors.
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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