Token Cat (NASDAQ:TC) Shares Up 0.8% – Time to Buy?

Token Cat Limited – Sponsored ADR (NASDAQ:TC) shares shot up 0.8% during trading on Tuesday . The stock traded as high as $12.54 and last traded at $12.11. 15,010 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 44,138 shares. The stock had previously closed at $12.01.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Token Cat in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Token Cat Trading Up 0.8%

The company has a fifty day moving average price of $10.31 and a two-hundred day moving average price of $13.29.

Hedge Funds Weigh In On Token Cat

An institutional investor recently bought a new position in Token Cat stock. Sabby Management LLC bought a new stake in shares of Token Cat Limited – Sponsored ADR (NASDAQ:TC) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 3,983 shares of the company’s stock, valued at approximately $55,000. Token Cat makes up 0.1% of Sabby Management LLC’s portfolio, making the stock its 24th largest position. Sabby Management LLC owned about 0.24% of Token Cat at the end of the most recent reporting period. 8.88% of the stock is currently owned by institutional investors and hedge funds.

About Token Cat

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.