Cango (NYSE:CANG) Shares Down 2.6%

97% from the average daily volume of 1,138,841 shares. The stock had previously closed at $1.17. Cango Inc. (NYSE:CANG) shares were down 2.6% on Thursday. The stock traded as low as $1.13 and last traded at $1.14. Approximately 27,641 shares traded hands during trading, a decline of 97% from the

On Thursday, ) shares fell 2.6%. Stock traded as low at $1.13, and traded last at $1.14. Around 27,641 share changed hands, which is a 60% drop from the daily average of 69.692 shares. Stock had closed previously at $1.17.

Cango Stock Performance

The debt-to equity ratio for the company is 0.02, its current ratio is 2.16, and its quick ratio is 2.80. The company's two hundred day simple moving is $1.63 and its fifty-day simple moving is $1.23. Recently, several institutional investors bought and sold shares in the company. BlackRock Inc. increased its holdings of Cango by 17.4% in the first quarter. BlackRock Inc. owns 308,497 of the company’s shares worth $800,000. This is after purchasing an additional 45,727 during the last quarter. State Street Corp increased its stake in Cango shares by 7.8% during the first quarter. State Street Corp owns 164.215 shares worth $425,000, after adding 11,947 more shares during the last quarter. Cetera Investment Advisers increased its stake in Cango shares by 4.7% during the first quarter. Cetera Investment Advisers owns 112,050 of the company stock, worth $290,000. This is after purchasing an additional 5,000 in the last quarter. Citadel Advisors LLC purchased a new stake of shares in Cango during the third quarter, worth $99,000. Goldman Sachs Group Inc. purchased a new stake of shares in Cango during the second quarter, worth $96,000. Stocks of Cango are owned by institutional investors and hedge fund managers, who own 23,07%.


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Cango, Inc. is a holding firm that develops and operates an automotive transaction platform to connect dealers, financial institutions, car buyers, and other service providers. The company's services include pre-sale trading solutions for automobiles, automotive financing facilitation during the sale, and after-sale services facilitation. offers a FREE daily email newsletter