SunCar Technology Group Inc. (NASDAQ:SDA - Get Free Report)'s share price rose 2.2% on Wednesday . The company traded as high as $2.89 and last traded at $2.83. Approximately 40,471 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 330,785 shares. The stock had previously closed at $2.77.
SunCar Technology Group Price Performance
The company has a 50-day simple moving average of $3.08 and a 200-day simple moving average of $6.22.
SunCar Technology Group (NASDAQ:SDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The company reported ($0.03) earnings per share for the quarter. The company had revenue of $102.60 million during the quarter. As a group, equities analysts expect that SunCar Technology Group Inc. will post 0.11 EPS for the current fiscal year.
Institutional Trading of SunCar Technology Group
Institutional investors and hedge funds have recently modified their holdings of the business. Alpine Global Management LLC purchased a new stake in SunCar Technology Group during the 1st quarter worth about $402,000. Invesco Ltd. increased its position in shares of SunCar Technology Group by 11.8% in the first quarter. Invesco Ltd. now owns 49,008 shares of the company's stock worth $202,000 after acquiring an additional 5,157 shares in the last quarter. Geode Capital Management LLC raised its position in SunCar Technology Group by 42.7% in 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 raised its holdings in shares of SunCar Technology Group by 17.2% during the 1st quarter. XTX Topco Ltd now owns 31,389 shares of the company's stock valued at $129,000 after buying an additional 4,616 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of SunCar Technology Group during the fourth quarter valued at approximately $100,000. Hedge funds and other institutional investors own 0.26% of the company's stock.
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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