Cango Inc. Sponsored ADR (NYSE:CANG - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $5.34, but opened at $5.60. Cango shares last traded at $5.60, with a volume of 912,637 shares.
Cango Stock Down 2.6%
The business's 50 day moving average is $4.75 and its two-hundred day moving average is $4.36. The firm has a market cap of $536.54 million, a P/E ratio of -258.37 and a beta of 0.70.
Institutional Investors Weigh In On Cango
Several hedge funds and other institutional investors have recently bought and sold shares of CANG. Virtu Financial LLC acquired a new stake in Cango in the fourth quarter valued at approximately $190,000. BIT Capital GmbH acquired a new stake in Cango in the fourth quarter valued at approximately $3,670,000. O Shaughnessy Asset Management LLC acquired a new stake in Cango in the fourth quarter valued at approximately $463,000. HCEP Management Ltd acquired a new stake in Cango in the fourth quarter valued at approximately $1,738,000. Finally, Marshall Wace LLP acquired a new stake in Cango in the fourth quarter valued at approximately $351,000. 4.22% of the stock is owned by 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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