Cango Inc – (NYSE:CANG) has received an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. Cango’s rating score has declined by 100% in the last three months as a result of various analysts’ upgrades and downgrades.

Brokers have set a 12 month consensus price objective of $8.80 for the company and are forecasting that the company will post $0.09 earnings per share for the current quarter, according to Zacks. Zacks has also given Cango an industry rank of 182 out of 255 based on the ratings given to related companies.

CANG has been the topic of a number of recent research reports. Morgan Stanley downgraded Cango from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. Zacks Investment Research downgraded Cango from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st. Finally, TheStreet upgraded Cango from a “d+” rating to a “c-” rating in a research note on Friday, December 6th.

Shares of CANG traded down $0.30 during mid-day trading on Tuesday, reaching $9.30. The company had a trading volume of 19,200 shares, compared to its average volume of 13,778. Cango has a 52-week low of $4.52 and a 52-week high of $10.20. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.45 billion, a P/E ratio of 30.00 and a beta of 1.98. The stock has a 50 day moving average of $8.24 and a two-hundred day moving average of $6.52.

Cango (NYSE:CANG) last issued its earnings results on Thursday, November 14th. The company reported $0.11 EPS for the quarter. Cango had a return on equity of 6.43% and a net margin of 24.94%. The firm had revenue of $49.15 million for the quarter. On average, sell-side analysts expect that Cango will post 0.36 earnings per share for the current year.

Cango Company Profile

Cango Inc operates an automotive transaction service platform that connects dealers, financial institutions, car buyers, and other industry participants in the People's Republic of China. It facilitates automotive financing services that include facilitating financing transactions from financial institutions to car buyers; automotive transactions between automotive wholesalers, dealers, and car buyers; and after-market services to car buyers.

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