Cheche Group’s (CCG) “Hold” Rating Reaffirmed at Maxim Group

Cheche Group (NASDAQ:CCG)‘s stock had its “hold” rating reissued by equities research analysts at Maxim Group in a report released 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 analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

Cheche Group Price Performance

CCG stock traded down $1.01 during midday trading on Wednesday, reaching $13.00. The company had a trading volume of 14,666 shares, compared to its average volume of 7,808. The firm has a 50-day moving average price of $15.09 and a 200-day moving average price of $20.41. The company has a market capitalization of $25.74 million, a P/E ratio of -4.64 and a beta of 0.18. 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 current ratio of 1.23 and a quick ratio of 1.23.

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

Hedge Funds Weigh In On Cheche Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Centiva Capital LP purchased a new position in shares of Cheche Group in the third quarter worth about $27,000. XTX Topco Ltd purchased a new stake in Cheche Group during the 4th quarter valued at about $30,000. Finally, Citadel Advisors LLC purchased a new stake in Cheche Group during the 2nd quarter valued at about $63,000. Institutional investors own 19.76% of the company’s stock.

Cheche Group Company Profile

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.