Cheche Group (NASDAQ:CCG) Shares Scheduled to Reverse Split on Monday, July 20th

Shares of Cheche Group Inc. (NASDAQ:CCGFree Report) are scheduled to reverse split before the market opens on Monday, July 20th. The 1-35 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, July 19th.

Cheche Group Price Performance

NASDAQ CCG opened at $0.46 on Thursday. The business has a 50 day simple moving average of $0.51 and a 200 day simple moving average of $0.69. Cheche Group has a 52-week low of $0.34 and a 52-week high of $1.54. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market cap of $31.80 million, a price-to-earnings ratio of -5.75 and a beta of 0.17.

Cheche Group (NASDAQ:CCGGet Free Report) last announced its earnings results on Thursday, April 2nd. The company reported $0.02 EPS for the quarter. The company had revenue of $118.72 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Cheche Group in a research report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Cheche Group has a consensus rating of “Sell”.

Read Our Latest Research Report on CCG

Institutional Trading of Cheche Group

An institutional investor recently bought a new position in Cheche Group stock. Centiva Capital LP acquired a new position in shares of Cheche Group Inc. (NASDAQ:CCGFree Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,244 shares of the company’s stock, valued at approximately $27,000. 19.76% of the stock is currently owned by institutional investors and hedge funds.

Cheche Group Company Profile

(Get Free Report)

Cheche Group Inc offer auto insurance technology platform. The company evolved into a comprehensive, data-driven technology platform which offers a full suite of services and products for digital insurance transactions and insurance SaaS solutions principally in China. Cheche Group Inc, formerly known as Prime Impact, is headquartered in Beijing, China.

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