Maxim Group began coverage on shares of Tuanche (NYSE:TC) in a research note released on Tuesday morning. The firm issued a buy rating and a $13.00 price objective on the stock.

Shares of NYSE:TC opened at $6.46 on Tuesday. Tuanche has a 12-month low of $6.01 and a 12-month high of $7.93.

Tuanche (NYSE:TC) last announced its quarterly earnings results on Tuesday, December 18th. The company reported ($0.28) earnings per share (EPS) for the quarter. The firm had revenue of $22.61 million during the quarter.

Tuanche Company Profile

TuanChe Limited operates as an omni-channel automotive marketplace in China. It organizes auto shows and group events that attract various consumers, as well as provides integrated marketing solutions to its industry customers, which include automakers, franchised dealerships, secondary dealers, and automotive service providers and enable interactions between participants on both sides of a potential transaction, creating a many-to-many environment.

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