China Commercial Credit, Inc. (NASDAQ:CCCR) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

China Commercial Credit (CCCR) opened at 2.57 on Tuesday. China Commercial Credit has a 1-year low of $0.89 and a 1-year high of $3.42. The company has a 50-day moving average price of $2.82 and a 200-day moving average price of $2.11. The firm’s market cap is $46.31 million.

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A hedge fund recently bought a new stake in China Commercial Credit stock. Virtu KCG Holdings LLC purchased a new position in shares of China Commercial Credit, Inc. (NASDAQ:CCCR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 128,617 shares of the credit services provider’s stock, valued at approximately $412,000. Virtu KCG Holdings LLC owned about 0.74% of China Commercial Credit at the end of the most recent reporting period. 0.80% of the stock is currently owned by hedge funds and other institutional investors.

About China Commercial Credit

China Commercial Credit, Inc is engaged in offering financial services in China. The Company’s operations consist of providing direct loans, loan guarantees and financial leasing services to small-to-medium sized businesses (SMEs), farmers and individuals in the city of Wujiang, Jiangsu Province. Its loan and loan guarantee business is conducted through Wujiang Luxiang Rural Microcredit Co, Ltd.

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