Tuanche (NYSE:TC) Trading 1.8% Higher

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Shares of Tuanche (NYSE:TC) traded up 1.8% on Wednesday . The company traded as high as $2.80 and last traded at $2.79, 2,434 shares changed hands during trading. A decline of 96% from the average session volume of 60,504 shares. The stock had previously closed at $2.74.

Separately, Maxim Group set a $13.00 price objective on shares of Tuanche and gave the company a “buy” rating in a research report on Friday, August 16th.

The firm’s 50-day simple moving average is $3.64 and its two-hundred day simple moving average is $5.12.

Tuanche (NYSE:TC) last posted its quarterly earnings results on Tuesday, August 20th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.27). The business had revenue of $29.65 million for the quarter.

An institutional investor recently bought a new position in Tuanche stock. Jane Street Group LLC acquired a new position in Tuanche (NYSE:TC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 44,464 shares of the company’s stock, valued at approximately $136,000. Jane Street Group LLC owned about 0.06% of Tuanche as of its most recent SEC filing.

Tuanche Company Profile (NYSE:TC)

TuanChe Limited operates as an omni-channel automotive marketplace in China. It organizes auto shows and group events that attract various consumers, as well as provides integrated marketing solutions to its industry customers, which include automakers, franchised dealerships, secondary dealers, and automotive service providers and enable interactions between participants on both sides of a potential transaction, creating a many-to-many environment.

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