Takung Art (TKAT) Upgraded at Zacks Investment Research

Takung Art (NYSEAMERICAN:TKAT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Takung Art Co., Ltd. originated and manages an online trading platform for acquiring and selling shared ownership units in Asian fine art, jewelry and precious gem, through its subsidiary. Takung Art Co., Ltd. is based in Central, Hong Kong. “

Shares of NYSEAMERICAN TKAT opened at $0.86 on Wednesday. Takung Art has a twelve month low of $0.63 and a twelve month high of $5.05.

Takung Art (NYSEAMERICAN:TKAT) last announced its quarterly earnings results on Tuesday, August 14th. The company reported ($0.10) earnings per share for the quarter. The firm had revenue of $3.85 million for the quarter. Takung Art had a return on equity of 0.55% and a net margin of 0.81%.

About Takung Art

Takung Art Co, Ltd., through its subsidiaries, operates an electronic online platform for artists, art dealers, and art investors to offer and trade in valuable artwork primarily in the People's Republic of China. Its electronic online platform is located at takungae.com. The company offers online listing and trading services that allow artists/art dealers/owners to access an art trading market where they can engage with a range of investors.

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