TuanChe (NASDAQ:TC) issued an update on its first quarter 2021 earnings guidance on Tuesday morning. The company provided earnings per share guidance of – for the period. The company issued revenue guidance of $11.65 million-$12.26 million, compared to the consensus revenue estimate of $14.27 million.

TuanChe stock traded down $0.10 during mid-day trading on Tuesday, hitting $3.80. 8,684 shares of the company were exchanged, compared to its average volume of 31,750. The business’s 50 day simple moving average is $4.00 and its two-hundred day simple moving average is $3.91. The company has a market capitalization of $76.42 million, a P/E ratio of -3.05 and a beta of 0.14. TuanChe has a 12-month low of $2.61 and a 12-month high of $7.60.

TuanChe (NASDAQ:TC) last released its quarterly earnings results on Sunday, April 11th. The company reported ($1.12) earnings per share for the quarter, topping the consensus estimate of ($2.29) by $1.17. TuanChe had a negative return on equity of 55.40% and a negative net margin of 58.68%.

Separately, Maxim Group restated a hold rating on shares of TuanChe in a report on Monday, April 19th.

TuanChe Company Profile

TuanChe Limited, through with its subsidiaries, operates as an omni-channel automotive marketplace in China. It organizes auto shows and group-purchase events that attract various consumers; 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.

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