Token Cat (NASDAQ:TC) Posts Earnings Results

Token Cat (NASDAQ:TC) announced its earnings results on Thursday. The company reported ($0.71) earnings per share (EPS) for the quarter, reports. The business had revenue of $1.43 million for the quarter.

Token Cat Price Performance

TC stock traded up $0.08 during mid-day trading on Thursday, hitting $1.39. The stock had a trading volume of 7,004,703 shares, compared to its average volume of 891,591. Token Cat has a 52 week low of $1.20 and a 52 week high of $19.99. The firm has a fifty day simple moving average of $1.90 and a 200 day simple moving average of $5.40.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TC. Weiss Ratings reiterated a “sell (e+)” rating on shares of Token Cat in a research note on Friday, July 17th. Wall Street Zen lowered Token Cat from a “hold” rating to a “sell” rating in a research note on Saturday, September 5th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

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.