Shares of Cango Inc. American Depositary Shares each representing two (2) Class A (NYSE:CANG) traded at a new 52-week low today of $4.66. So far today approximately 332,000 shares have been exchanged, as compared to an average 30-day volume of 553,000 shares.
Cango Inc is one of the leading automotive transaction service platform in China connecting dealers, financial institutions, car buyers, and other industry participants. The services primarily consist of – automotive financing facilitation, automotive transaction facilitation, and aftermarket service facilitation. Geographically, it derives revenue from China.
In the past 52 weeks, shares of Cango Inc. American Depositary Shares each representing two (2) Class A have traded between the current low of $4.66 and a high of $19.60 and is now at $4.74.
Cango Inc. American Depositary Shares each representing two (2) Class A (NYSE:CANG) has potential upside of 29.1% based on a current price of $4.74 and analysts’ consensus price target of $6.12.
Receive IBN Spotlights – “Bite Size” Small, Mid and Large-Cap Technical Indicator Alerts
To stay connected with our complimentary IBN Spotlights, please visit https://IBN.fm/connected
About InvestorBrandNetwork (IBN)
InvestorBrandNetwork (IBN) consists of 50+ trusted financial brands introduced to the investment public over the course of 15+ years. Through these brands, IBN provides (1) access to our Investor Press Release Wire Solutions via InvestorWire (IW) to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions via IW to ensure maximum impact; (4) full-scale distribution to an enormous social media audience that includes millions of followers; and (5) a full array of corporate communications solutions focused on the IBN Podcast Series. With a proven track record serving 500+ client partners, IBN is the key to a more effective market communication campaign.
For more information, please visit https://www.InvestorBrandNetwork.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer