China Commercial Credit, Inc. (NASDAQ:CCCR) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.

China Commercial Credit (NASDAQ CCCR) traded up 3.86% during midday trading on Friday, hitting $2.69. 30,714 shares of the company traded hands. The company’s market capitalization is $48.47 million. China Commercial Credit has a 12-month low of $0.89 and a 12-month high of $3.42. The stock’s 50-day moving average price is $2.70 and its 200 day moving average price is $2.26.

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In related news, CFO Long Yi purchased 11,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were acquired at an average price of $2.64 per share, for a total transaction of $29,040.00. Following the purchase, the chief financial officer now owns 488,875 shares in the company, valued at $1,290,630. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Yang Jie purchased 849,900 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was bought at an average price of $0.09 per share, for a total transaction of $76,491.00. The disclosure for this purchase can be found here. 2.49% of the stock is currently owned by corporate insiders.

A hedge fund recently bought a new stake in China Commercial Credit stock. Virtu KCG Holdings LLC bought a new position in shares of China Commercial Credit, Inc. (NASDAQ:CCCR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 128,617 shares of the credit services provider’s stock, valued at approximately $412,000. Virtu KCG Holdings LLC owned approximately 0.74% of China Commercial Credit as of its most recent SEC filing. 0.80% of the stock is currently owned by hedge funds and other institutional investors.

About China Commercial Credit

China Commercial Credit, Inc is engaged in offering financial services in China. The Company’s operations consist of providing direct loans, loan guarantees and financial leasing services to small-to-medium sized businesses (SMEs), farmers and individuals in the city of Wujiang, Jiangsu Province. Its loan and loan guarantee business is conducted through Wujiang Luxiang Rural Microcredit Co, Ltd.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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