Maxim Group Reiterates “$13.00” Price Target for Tuanche (NYSE:TC)
Maxim Group set a $13.00 price target on Tuanche (NYSE:TC) in a report published on Friday, TipRanks reports. The brokerage currently has a buy rating on the stock.
NYSE:TC traded up $0.04 during trading hours on Friday, reaching $3.45. The company had a trading volume of 15,836 shares, compared to its average volume of 64,494. The company’s 50 day simple moving average is $4.45. Tuanche has a 52 week low of $2.05 and a 52 week high of $7.93.
Tuanche (NYSE:TC) last issued its quarterly earnings results on Friday, May 17th. The company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.02). The firm had revenue of $18.31 million for the quarter.
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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