Tuanche (NYSE:TC) has been assigned a $13.00 price objective by research analysts at Maxim Group in a research note issued on Friday, TipRanks reports. The firm currently has a “buy” rating on the stock. Maxim Group’s price objective suggests a potential upside of 259.12% from the stock’s previous close.

Shares of Tuanche stock traded up $0.21 during trading on Friday, hitting $3.62. The stock had a trading volume of 486 shares, compared to its average volume of 64,494. The stock’s 50 day simple moving average is $4.45. Tuanche has a 1 year low of $2.05 and a 1 year high of $7.93.

Tuanche (NYSE:TC) last posted its quarterly earnings results on Friday, May 17th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The company had revenue of $18.31 million for the quarter.

An institutional investor recently bought a new position in Tuanche stock. Jane Street Group LLC bought a new stake in Tuanche (NYSE:TC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 44,464 shares of the company’s stock, valued at approximately $136,000. Jane Street Group LLC owned about 0.06% of Tuanche as of its most recent SEC filing.

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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