Cheche Group (NASDAQ:CCG) Shares Up 12.7% – Still a Buy?

Cheche Group Inc. (NASDAQ:CCG) shares were up 12.7% during trading on Friday . The stock traded as high as $0.68 and last traded at $0.62. Approximately 312,820 shares traded hands during trading, an increase of 269% from the average daily volume of 84,727 shares. The stock had previously closed at $0.5501.

Analyst Ratings Changes

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

Cheche Group Trading Up 12.7%

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market capitalization of $39.94 million, a price-to-earnings ratio of -7.75 and a beta of 0.18. The business’s 50 day simple moving average is $0.71 and its 200 day simple moving average is $0.81.

Cheche Group (NASDAQ:CCG) last announced its earnings results on Thursday, April 2nd. The company reported $0.02 earnings per share for the quarter. The business had revenue of $118.72 million for the quarter.

Institutional Trading of Cheche Group

An institutional investor recently bought a new position in Cheche Group stock. XTX Topco Ltd bought a new stake in Cheche Group Inc. (NASDAQ:CCG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 36,369 shares of the company’s stock, valued at approximately $30,000. XTX Topco Ltd owned about 0.06% of Cheche Group at the end of the most recent quarter. 19.76% of the stock is owned by hedge funds and other institutional investors.

About Cheche Group

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.