Shares of Takung Art Co. Ltd. (NYSE American:TKAT) traded at a new 52-week high today of $40.54. This new high was reached on above average trading volume as 21.3 million shares traded hands, while the average 30-day volume is approximately 3 million shares.
In the past 52 weeks, shares of Takung Art Co. Ltd. have traded between a low of $0.76 and a high of $40.54 and is now at $29.00, which is 3,702% above that low price.
Takung Art Co Ltd is a United States-based company that operates an online electronic platform for offering and trading artwork. The company through its platform allows artists/art dealers/owners to access a much bigger art trading market where they can engage with a wide range of investors. Its platform also invests in high-end and artwork accessible to ordinary people without financial resources. The company’s trading platforms comprise the sale of calligraphies and paintings, jewelry, and precious stones. It generates revenue in the form of services in connection with the offering and trading of artwork on our system, primarily consisting of listing fees, trading commissions, and management fees. The company conducts its business primarily in Hong Kong and China.
Based on a current price of $29.00, Takung Art Co. Ltd. is currently 56.6% above its average consensus analyst price target of $12.60.
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