Insider Buying: China Commercial Credit Inc (CCCR) Insider Purchases 150,000 Shares of Stock

China Commercial Credit Inc (NASDAQ:CCCR) insider Yang Jie purchased 150,000 shares of the business’s stock in a transaction on Wednesday, December 12th. The stock was purchased at an average cost of $3.50 per share, for a total transaction of $525,000.00. Following the acquisition, the insider now owns 3,484,386 shares in the company, valued at $12,195,351. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Yang Jie also recently made the following trade(s):

  • On Thursday, February 8th, Yang Jie sold 3,761,411 shares of China Commercial Credit stock. The stock was sold at an average price of $1.50, for a total transaction of $5,642,116.50.

Shares of China Commercial Credit Inc (NASDAQ CCCR) opened at $1.40 on Wednesday. The stock has a market cap of $26.95, a price-to-earnings ratio of -2.22 and a beta of -0.41. China Commercial Credit Inc has a twelve month low of $0.89 and a twelve month high of $4.00.

China Commercial Credit (NASDAQ:CCCR) last announced its quarterly earnings results on Tuesday, November 14th. The credit services provider reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $0.13 million during the quarter. China Commercial Credit had a negative return on equity of 1,995.02% and a negative net margin of 2,903.62%.

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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.

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