Tuanche (TC) Issues Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Tuanche (NYSE:TC) released its quarterly earnings data on Friday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02), Morningstar.com reports. The company had revenue of $18.31 million during the quarter.

NYSE TC opened at $6.65 on Friday. Tuanche has a 1-year low of $6.01 and a 1-year high of $7.93.

A hedge fund recently bought a new stake in Tuanche stock. Oxford Asset Management LLP purchased a new stake in shares of Tuanche (NYSE:TC) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 12,352 shares of the company’s stock, valued at approximately $83,000.

Separately, Maxim Group initiated coverage on Tuanche in a research report on Tuesday, February 5th. They issued a “buy” rating and a $13.00 price objective on the stock.

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About Tuanche

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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