Token Cat (NASDAQ:TC) Announces Earnings Results

Token Cat (NASDAQ:TC) posted its earnings results on Thursday. The company reported ($0.71) earnings per share for the quarter, reports. The company had revenue of $1.43 million for the quarter.

Token Cat Trading Up 5.8%

TC traded up $0.08 on Friday, reaching $1.47. The company had a trading volume of 888,610 shares, compared to its average volume of 2,254,821. The business has a 50 day simple moving average of $1.88 and a 200 day simple moving average of $5.31. Token Cat has a 52-week low of $1.20 and a 52-week high of $19.99.

Analyst Ratings Changes

Several research analysts have commented on TC shares. Wall Street Zen raised shares of Token Cat from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings restated a “sell (e+)” rating on shares of Token Cat in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Token Cat presently has a consensus rating of “Sell”.

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.