Token Cat (NASDAQ:TC) Shares Up 3.5% – What’s Next?

Token Cat Limited – Sponsored ADR (NASDAQ:TC)’s share price rose 3.5% on Friday . The stock traded as high as $8.00 and last traded at $7.76. Approximately 15,527 shares traded hands during trading, an increase of 53% from the average session volume of 10,120 shares. The stock had previously closed at $7.50.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Token Cat in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Token Cat Trading Up 3.5%

The stock has a fifty day simple moving average of $9.18 and a 200 day simple moving average of $10.14.

Institutional Trading of Token Cat

A hedge fund recently bought a new stake in Token Cat stock. Sabby Management LLC purchased a new position in Token Cat Limited – Sponsored ADR (NASDAQ:TC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,983 shares of the company’s stock, valued at approximately $55,000. Token Cat accounts for approximately 0.1% of Sabby Management LLC’s investment portfolio, making the stock its 24th biggest holding. Sabby Management LLC owned approximately 0.24% of Token Cat as of its most recent SEC filing. Institutional investors own 8.88% of the company’s stock.

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.