Cango (NYSE:CANG) Upgraded to “C-” by TheStreet

TheStreet upgraded shares of Cango (NYSE:CANG) from a d+ rating to a c- rating in a report published on Friday morning, TheStreetRatingsTable reports.

Several other analysts have also recently weighed in on CANG. Morgan Stanley cut Cango from an overweight rating to an equal weight rating in a report on Wednesday, November 27th. Zacks Investment Research lowered Cango from a hold rating to a sell rating in a report on Thursday, November 21st.

Shares of CANG stock opened at $7.22 on Friday. The firm has a 50 day moving average price of $6.34 and a two-hundred day moving average price of $5.99. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.09 billion, a PE ratio of 23.29 and a beta of 1.85. Cango has a 12-month low of $4.52 and a 12-month high of $10.20.

Cango Company Profile

Cango Inc operates an automotive transaction service platform that connects dealers, financial institutions, car buyers, and other industry participants in the People's Republic of China. It facilitates automotive financing services that include facilitating financing transactions from financial institutions to car buyers; automotive transactions between automotive wholesalers, dealers, and car buyers; and after-market services to car buyers.

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