ValuEngine upgraded shares of China Commercial Credit, Inc. (NASDAQ:CCCR) from a hold rating to a buy rating in a research report released on Friday.

China Commercial Credit (NASDAQ CCCR) opened at 2.61 on Friday. The company’s market capitalization is $47.03 million. China Commercial Credit has a 52 week low of $0.89 and a 52 week high of $3.42. The company’s 50 day moving average price is $2.70 and its 200-day moving average price is $2.29.

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In related news, CFO Long Yi bought 11,000 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were purchased at an average cost of $2.64 per share, with a total value of $29,040.00. Following the completion of the acquisition, the chief financial officer now directly owns 488,875 shares in the company, valued at $1,290,630. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Yang Jie bought 849,900 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were bought at an average cost of $0.09 per share, for a total transaction of $76,491.00. The disclosure for this purchase can be found here. 2.49% of the stock is owned by company insiders.

An institutional investor recently bought a new position in China Commercial Credit stock. Virtu KCG Holdings LLC bought a new position in shares of China Commercial Credit, Inc. (NASDAQ:CCCR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 128,617 shares of the credit services provider’s stock, valued at approximately $412,000. Virtu KCG Holdings LLC owned 0.74% of China Commercial Credit as of its most recent SEC filing. 0.80% of the stock is owned by institutional investors.

China Commercial Credit Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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