SunCar Technology Group Inc. (NASDAQ:SDA - Get Free Report) shot up 2.2% on Wednesday . The stock traded as high as $2.89 and last traded at $2.83. 40,471 shares traded hands during trading, a decline of 88% from the average session volume of 330,785 shares. The stock had previously closed at $2.77.
SunCar Technology Group Stock Performance
The company has a 50 day simple moving average of $3.01 and a two-hundred day simple moving average of $6.09.
SunCar Technology Group (NASDAQ:SDA - Get Free Report) last announced its earnings results on Wednesday, May 21st. The company reported ($0.03) EPS for the quarter. The firm had revenue of $102.60 million during the quarter. On average, equities analysts predict that SunCar Technology Group Inc. will post 0.11 EPS for the current fiscal year.
Hedge Funds Weigh In On SunCar Technology Group
A number of large investors have recently made changes to their positions in the company. Alpine Global Management LLC purchased a new position in SunCar Technology Group during the 1st quarter valued at $402,000. Invesco Ltd. lifted its position in shares of SunCar Technology Group by 11.8% during the first quarter. Invesco Ltd. now owns 49,008 shares of the company's stock worth $202,000 after purchasing an additional 5,157 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of SunCar Technology Group by 42.7% during the fourth quarter. Geode Capital Management LLC now owns 34,865 shares of the company's stock valued at $336,000 after purchasing an additional 10,431 shares during the period. XTX Topco Ltd grew its holdings in shares of SunCar Technology Group by 17.2% in the first quarter. XTX Topco Ltd now owns 31,389 shares of the company's stock worth $129,000 after purchasing an additional 4,616 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in SunCar Technology Group in the 4th quarter worth about $100,000. 0.26% of the stock is owned by hedge funds and other institutional investors.
SunCar Technology Group Company Profile
(
Get Free Report)
SunCar Technology Group Inc, through its subsidiaries, provides digitalized automotive after-sales service and online insurance intermediation services in the People's Republic of China. It operates through three segments: Insurance Intermediation Business; Automotive After-Sales Business; and Technology Business.
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