Token Cat (NASDAQ:TC) Stock Price Down 2.6% – What’s Next?

Shares of Token Cat Limited – Sponsored ADR (NASDAQ:TC) were down 2.6% during mid-day trading on Monday . The stock traded as low as $16.75 and last traded at $16.7760. Approximately 860 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 7,203 shares. The stock had previously closed at $17.23.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Token Cat in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Token Cat currently has an average rating of “Sell”.

Token Cat Stock Performance

The firm’s 50 day simple moving average is $16.08 and its 200-day simple moving average is $15.15.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Token Cat stock. Sabby Management LLC bought a new stake in Token Cat Limited – Sponsored ADR (NASDAQ:TC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,983 shares of the company’s stock, valued at approximately $55,000. Token Cat comprises about 0.1% of Sabby Management LLC’s holdings, making the stock its 24th biggest position. Sabby Management LLC owned 0.24% of Token Cat at the end of the most recent quarter. Institutional investors own 8.88% of the company’s stock.

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.