Takung Art (TKAT) Trading 5.3% Higher
Takung Art Co Ltd (NYSEAMERICAN:TKAT)’s share price traded up 5.3% during trading on Wednesday . The stock traded as high as $1.49 and last traded at $0.80. 675,284 shares changed hands during trading, an increase of 4,284% from the average session volume of 15,404 shares. The stock had previously closed at $0.76.
Separately, Zacks Investment Research raised shares of Takung Art from a “sell” rating to a “hold” rating in a research report on Wednesday.
Takung Art (NYSEAMERICAN:TKAT) last issued its earnings results on Tuesday, August 14th. The company reported ($0.10) earnings per share (EPS) for the quarter. Takung Art had a return on equity of 0.55% and a net margin of 0.81%. The business had revenue of $3.85 million during the quarter.
Takung Art Co, Ltd., through its subsidiaries, operates an electronic online platform for artists, art dealers, and art investors to offer and trade in valuable artwork primarily in the People's Republic of China. Its electronic online platform is located at takungae.com. The company offers online listing and trading services that allow artists/art dealers/owners to access an art trading market where they can engage with a range of investors.
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