Token Cat (NASDAQ:TC) Shares Up 0.8% – What’s Next?

Token Cat Limited – Sponsored ADR (NASDAQ:TC)’s share price traded up 0.8% during trading on Tuesday . The stock traded as high as $12.54 and last traded at $12.11. 15,010 shares were traded during trading, a decline of 66% from the average session volume of 44,138 shares. The stock had previously closed at $12.01.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Token Cat in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Token Cat Price Performance

The business has a 50-day simple moving average of $10.31 and a two-hundred day simple moving average of $13.29.

Hedge Funds Weigh In On Token Cat

An institutional investor recently bought a new position in Token Cat stock. Sabby Management LLC acquired a new position in shares of Token Cat Limited – Sponsored ADR (NASDAQ:TC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,983 shares of the company’s stock, valued at approximately $55,000. Token Cat accounts for about 0.1% of Sabby Management LLC’s holdings, making the stock its 24th largest holding. Sabby Management LLC owned 0.24% of Token Cat at the end of the most recent reporting period. 8.88% of the stock is currently owned by hedge funds and other institutional investors.

About Token Cat

TuanChe Limited, through its subsidiaries, operates as an omni-channel automotive marketplace in China and internationally. It organizes auto shows and special promotion events; and provides integrated marketing solutions to industry customers, which include automakers, franchised dealerships, secondary dealers, and automotive service providers, as well as enable interactions between participants on both sides of a potential transaction. The company also offers business and technical support, and consulting services; online marketing services through various online platforms, including tuanche.com website, WeChat account, WeChat mini-program, mobile applications, and Cheshangtong, a SaaS product; and referral services for commercial bank to enhance its auto loan business.