Token Cat (NASDAQ:TC) Trading 3.8% Higher – Still a Buy?

Token Cat Limited – Sponsored ADR (NASDAQ:TC)’s share price shot up 3.8% during mid-day trading on Friday . The stock traded as high as $2.17 and last traded at $2.17. 265,789 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 1,074,850 shares. The stock had previously closed at $2.09.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Token Cat in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Token Cat Stock Up 3.8%

The stock has a 50 day simple moving average of $4.29 and a 200-day simple moving average of $8.23.

Token Cat Company Profile

TuanChe Limited, through its subsidiaries, operates as an omni-channel automotive marketplace in China and internationally. It organizes auto shows and special promotion events; and provides integrated marketing solutions to industry customers, which include automakers, franchised dealerships, secondary dealers, and automotive service providers, as well as enable interactions between participants on both sides of a potential transaction. The company also offers business and technical support, and consulting services; online marketing services through various online platforms, including tuanche.com website, WeChat account, WeChat mini-program, mobile applications, and Cheshangtong, a SaaS product; and referral services for commercial bank to enhance its auto loan business.