Somewhat Favorable News Coverage Somewhat Unlikely to Impact Takung Art Co (TKAT) Share Price

Press coverage about Takung Art Co (NASDAQ:TKAT) has trended somewhat positive on Saturday, according to Accern. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Takung Art Co earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 48.0509006189266 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Separately, TheStreet lowered shares of Takung Art Co from a “c-” rating to a “d+” rating in a research note on Wednesday, July 19th.

Takung Art Co (TKAT) traded up 0.0000% during mid-day trading on Friday, hitting $3.4201. 10 shares of the stock were exchanged. The company has a 50 day moving average price of $2.92 and a 200 day moving average price of $4.76. The stock has a market cap of $38.26 million and a price-to-earnings ratio of 7.5167. Takung Art Co has a 52 week low of $2.15 and a 52 week high of $10.50.

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About Takung Art Co

Takung Art Co, Ltd., formerly Cardigant Medical Inc, is a holding company. The Company, through HongKong Takung Assets and Equity of Artworks Exchange Co, Ltd. (HongKong Takung), and its subsidiaries, operates an electronic online platform located at www.takungae.com for artists, art dealers and art investors to offer and trade in artwork.

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