Overall market sentiment has been down on Takung Art Co Ltd (TKAT) stock lately. TKAT receives a Bearish rating from InvestorsObserver’s Stock Sentiment Indicator.

Takung Art Co Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on TKAT!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.

As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.

Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.

InvestorsObserver‘s Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.

Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What’s Happening With TKAT Stock Today?

Takung Art Co Ltd (TKAT) stock has fallen -4.71{ccba7a2b95b607a22ddf747fd2dfd32aff224073631da9265f095c812cbfd265} while the S&P 500 is higher by 0.21{ccba7a2b95b607a22ddf747fd2dfd32aff224073631da9265f095c812cbfd265} as of 11:00 AM on Monday, Jul 12. TKAT has fallen -$0.48 from the previous closing price of $10.19 on volume of 210,071 shares. Over the past year the S&P 500 is up 38.78{ccba7a2b95b607a22ddf747fd2dfd32aff224073631da9265f095c812cbfd265} while TKAT is higher by 824.76{ccba7a2b95b607a22ddf747fd2dfd32aff224073631da9265f095c812cbfd265}. TKAT lost -$0.02 per share in the over the last 12 months.

To see InvestorsObserver’s Sentiment Score forTakung Art Co Ltd click here.

More About Takung Art Co Ltd

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Takung Art Co Ltd operates an online electronic platform for offering and trading artwork. Through its platform, the company allows artists/art dealers/owners to access a much bigger art trading market where they can engage with a wide range of investors. Its platform also invests in high-end and artwork accessible to ordinary people without financial resources. The company’s trading platforms comprise the sale of calligraphies and paintings, jewelry, and precious stones. It generates revenue in the form of services in connection with the offering and trading of artwork on its system, primarily consisting of listing fees, trading commissions, and management fees. It conducts its business primarily in Hong Kong and China.

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