Token Cat (NASDAQ:TC) Stock Price Down 1.8% – Should You Sell?

Shares of Token Cat Limited – Sponsored ADR (NASDAQ:TC) were down 1.8% on Monday . The stock traded as low as $10.02 and last traded at $9.9150. Approximately 1,018 shares traded hands during trading, a decline of 75% from the average daily volume of 4,076 shares. The stock had previously closed at $10.10.

Wall Street Analyst Weigh In

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

Token Cat Stock Performance

The firm has a 50-day simple moving average of $12.08 and a 200 day simple moving average of $13.69.

Institutional Investors Weigh In On Token Cat

An institutional investor recently bought a new position in Token Cat stock. Sabby Management LLC purchased a new stake in Token Cat Limited – Sponsored ADR (NASDAQ:TC) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,983 shares of the company’s stock, valued at approximately $55,000. Token Cat accounts for about 0.1% of Sabby Management LLC’s portfolio, making the stock its 24th largest position. Sabby Management LLC owned 0.24% of Token Cat as of its most recent SEC filing. Institutional investors own 8.88% of the company’s stock.

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.