Cheche Group (NASDAQ:CCG) Earns “Hold” Rating from Maxim Group

Cheche Group (NASDAQ:CCG)‘s stock had its “hold” rating reissued by research analysts at Maxim Group in a report issued on Wednesday, Benzinga reports.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cheche Group in a report on Friday, July 17th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

Cheche Group Trading Down 7.2%

Shares of NASDAQ CCG traded down $1.01 during mid-day trading on Wednesday, hitting $13.00. The stock had a trading volume of 14,666 shares, compared to its average volume of 7,808. The business has a 50 day moving average price of $15.09 and a two-hundred day moving average price of $20.41. Cheche Group has a 1 year low of $10.20 and a 1 year high of $53.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market cap of $25.74 million, a P/E ratio of -4.64 and a beta of 0.18.

Cheche Group (NASDAQ:CCG) last announced its quarterly earnings results on Friday, September 4th. The company reported ($1.37) earnings per share for the quarter. The business had revenue of $65.14 million for the quarter.

Institutional Trading of Cheche Group

Large investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new position in Cheche Group in the 4th quarter worth $30,000. Centiva Capital LP purchased a new stake in shares of Cheche Group in the 3rd quarter worth about $27,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Cheche Group in the 2nd quarter worth about $63,000. Institutional investors own 19.76% of the company’s stock.

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.