Tuanche (TC) Now Covered by Analysts at Maxim Group

Maxim Group started coverage on shares of Tuanche (NYSE:TC) in a report released on Tuesday. The brokerage issued a buy rating and a $13.00 price target on the stock.

TC traded up $0.03 during trading on Tuesday, hitting $6.47. The stock had a trading volume of 100 shares, compared to its average volume of 46,429. Tuanche has a twelve month low of $6.01 and a twelve month high of $7.93.

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