CCSC Technology International Holdings Ltd (NASDAQ: CCTG) 52-Week High Located At $4.72, Forget The Dips, Just Ride The Rips

CCSC Technology International Holdings Ltd (NASDAQ:CCTG) does about 150.37K shares in volume on a normal day but saw 1698400 shares change hands in the recent trading day. The company now has a market cap of 33.82M USD. Its current market price is $2.04, marking an increase of 11.48% compared to the previous close of $1.83. The 52 week high reached by this stock is $4.72 whilst the lowest price level in 52 weeks is $1.20.

CCSC Technology International Holdings Ltd (CCTG) has a 20-day trading average at $1.7300 and the current price is -56.78% off the 52-week high compared with 70.00% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.7000 and its 200-day simple moving average is $1.8700. If we look at the stock’s price movements over the week, volatility stands at 13.90%, which decreases to 9.42% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 63.99 to suggest the stock is neutral.

The current price level is 17.80%, 20.02%, and 9.35% away from its SMA20, SMA50, and SMA200 respectively, with the CCTG price moving below the 50-day SMA on current market day. CCSC Technology International Holdings Ltd (CCTG) stock is up 24.39% over the week and 20.00% over the past month. Its price is 31.61% year-to-date and -49.38% over the past year.

Outstanding shares total 6.58M with insiders holding 132.28% of the shares and institutional holders owning 0.76% of the company’s common stock. The company has a return on investment of -19.02% and return on equity of -21.71%. The beta has a value of -2.63. Price to book ratio is 15.49 and price to sales ratio is 16.03.