Cango (NYSE:CANG) Stock Price Down 1.2%

Cango Inc. (NYSE:CANGGet Free Report)’s share price was down 1.2% during mid-day trading on Thursday . The company traded as low as $1.67 and last traded at $1.67. Approximately 1,674 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 54,054 shares. The stock had previously closed at $1.69.

Cango Trading Down 1.2 %

The business’s 50-day moving average price is $1.60 and its 200-day moving average price is $1.40. The stock has a market cap of $181.90 million, a PE ratio of -41.75 and a beta of 0.70.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cango stock. Cetera Advisors LLC bought a new position in Cango Inc. (NYSE:CANGFree Report) in the first quarter, according to its most recent filing with the SEC. The firm bought 98,450 shares of the company’s stock, valued at approximately $150,000. Cetera Advisors LLC owned approximately 0.09% of Cango as of its most recent SEC filing. 4.22% of the stock is currently owned by hedge funds and other 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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