TheStreet Upgrades Cango (NYSE:CANG) to “C-“

TheStreet upgraded shares of Cango (NYSE:CANG) from a d+ rating to a c- rating in a research report sent to investors on Friday morning, TheStreetRatingsTable reports.

A number of other equities analysts have also recently commented on CANG. Morgan Stanley cut Cango from an overweight rating to an equal weight rating in a report on Wednesday, November 27th. Zacks Investment Research lowered Cango from a hold rating to a sell rating in a research note on Thursday, November 21st.

CANG opened at $7.22 on Friday. Cango has a twelve month low of $4.52 and a twelve month 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 company has a 50-day moving average price of $6.34 and a 200 day moving average price of $5.99. The company has a market cap of $1.09 billion, a PE ratio of 23.29 and a beta of 1.85.

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.

Further Reading: Reverse Stock Split

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