Cango Inc. Sponsored ADR (NYSE:CANG - Get Free Report)'s stock price 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 Performance
The firm's 50-day moving average price is $4.68 and its 200 day moving average price is $4.35. The company has a market cap of $535.71 million, a price-to-earnings ratio of -257.97 and a beta of 0.70.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Electron Capital Partners LLC acquired a new position in shares of Cango in the fourth quarter valued at approximately $5,895,000. BIT Capital GmbH bought a new stake in shares of Cango in the fourth quarter worth $3,670,000. HCEP Management Ltd bought a new stake in shares of Cango in the fourth quarter worth $1,738,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Cango in the fourth quarter worth $463,000. Finally, Invesco Ltd. bought a new stake in shares of Cango in the first quarter worth $343,000. Institutional investors and hedge funds 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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