Cheche Group (NASDAQ:CCG) Trading Up 4.2% – Should You Buy?

Cheche Group Inc. (NASDAQ:CCG) was up 4.2% during trading on Thursday . The company traded as high as $0.4002 and last traded at $0.3901. Approximately 84,385 shares were traded during trading, a decline of 53% from the average session volume of 180,825 shares. The stock had previously closed at $0.3743.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Cheche Group in a research note on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Cheche Group Stock Performance

The stock has a market cap of $27.25 million, a price-to-earnings ratio of -5.29 and a beta of 0.16. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.03. The firm has a fifty day simple moving average of $0.57 and a 200-day simple moving average of $0.74.

Cheche Group (NASDAQ:CCG) last released its earnings results on Thursday, April 2nd. The company reported $0.02 EPS for the quarter. The firm had revenue of $118.72 million during the quarter.

Institutional Trading of Cheche Group

A hedge fund recently bought a new stake in Cheche Group stock. Centiva Capital LP bought a new stake in shares of Cheche Group Inc. (NASDAQ:CCG) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 21,244 shares of the company’s stock, valued at approximately $27,000. Institutional investors and hedge funds own 19.76% of the company’s stock.

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.