Tuanche (NYSE:TC) Given Consensus Recommendation of “Strong Buy” by Brokerages

Shares of Tuanche (NYSE:TC) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokers have set a one year consensus price target of $6.00 for the company, according to Zacks. Zacks has also assigned Tuanche an industry rank of 213 out of 255 based on the ratings given to its competitors.

Separately, Maxim Group reissued a “buy” rating and set a $6.00 target price on shares of Tuanche in a research note on Thursday, November 28th.

A hedge fund recently bought a new stake in Tuanche stock. Jane Street Group LLC purchased a new position in shares of Tuanche (NYSE:TC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 44,464 shares of the company’s stock, valued at approximately $136,000. Jane Street Group LLC owned 0.06% of Tuanche at the end of the most recent reporting period.

Shares of Tuanche stock traded up $0.01 on Friday, reaching $1.61. The company’s stock had a trading volume of 8,121 shares, compared to its average volume of 31,760. Tuanche has a 52-week low of $1.35 and a 52-week high of $7.80. The stock has a 50-day moving average price of $1.84 and a 200-day moving average price of $2.91.

Tuanche (NYSE:TC) last posted its quarterly earnings results on Tuesday, November 26th. The company reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $18.97 million during the quarter.

About Tuanche

TuanChe Limited operates as an omni-channel automotive marketplace in China. It organizes auto shows and group events that attract various consumers, as well as provides integrated marketing solutions to its industry customers, which include automakers, franchised dealerships, secondary dealers, and automotive service providers and enable interactions between participants on both sides of a potential transaction, creating a many-to-many environment.

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