Cheche Group (NASDAQ:CCG) Posts Earnings Results

Cheche Group (NASDAQ:CCG) announced its quarterly earnings data on Friday. The company reported ($1.37) earnings per share (EPS) for the quarter, reports. The company had revenue of $65.14 million during the quarter.

Cheche Group Stock Performance

NASDAQ CCG opened at $16.02 on Friday. The stock has a market capitalization of $31.66 million, a PE ratio of -5.72 and a beta of 0.18. The business has a 50 day simple moving average of $15.17 and a two-hundred day simple moving average of $20.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.23 and a quick ratio of 1.23. Cheche Group has a 1-year low of $10.20 and a 1-year high of $53.90.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CCG. Centiva Capital LP purchased a new stake in Cheche Group during the third quarter valued at $27,000. XTX Topco Ltd bought a new stake in shares of Cheche Group in the 4th quarter worth about $30,000. Finally, Citadel Advisors LLC bought a new stake in shares of Cheche Group in the 2nd quarter worth about $63,000. 19.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cheche Group in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Cheche Group has a consensus rating of “Sell”.

Cheche Group Company Profile

Cheche Group Inc offer auto insurance technology platform. The company evolved into a comprehensive, data-driven technology platform which offers a full suite of services and products for digital insurance transactions and insurance SaaS solutions principally in China. Cheche Group Inc, formerly known as Prime Impact, is headquartered in Beijing, China.