“We lower all our U.S. dollar-based estimates and historical financials based on a 7.1 renminbi exchange rate to the U.S. dollar, from previously using 6.9 as a result of the Chinese government changing the pegged rate.”
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TuanChe Limited with a $13 average price target.
The company has a one-year high of $7.93 and a one-year low of $2.05. Currently, TuanChe Limited has an average volume of 73.44K.
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TuanChe Ltd. is a holding company, which engages in the the operation of providing auto shows, group-purchase facilitation, and electric vehicle sales facilitation. It focuses on marketing solutions and virtual dealership services. The company was founded by Wei Wen and Jian Chen Sun in 2010 and is headquartered in Beijing, China.