The stock last traded at $12.49 quite a bit below $14.83, the 50 day moving average and significantly below the 200 day moving average of $15.19. The 50 day moving average moved down $-2.34 whereas the 200 day average was down by -17.77%. (NASDAQ:CCRC) shares saw light trading volume with 136K shares changing hands by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 21.60% under the normal average daily volume.
Investors are feeling more bullish lately if you look at the decrease in short interest. The company recorded a fall in short interest from September 29, 2017 to October 13, 2017 of -19.51%. Short shares decreased from 113,160 to 91,085 over that period. Days to cover decreased from 1.0 to 0.0 and the percentage of shorted shares was 0.00% on October 13.
The following firms have recently changed their position in CCRC. Deutsche Bank Ag divested its ownership by shedding 2,212 shares a decrease of 73.4% from 03/31/2017 to 06/30/2017. Deutsche Bank Ag now controls 800 shares with a value of $11,000. The value of the position overall is down by 73.2%. Invesco Ltd. expanded its position by buying 3,527 shares an increase of 11.1% as of 06/30/2017. Invesco Ltd. controls 35,355 shares valued at $505,000. The total value of its holdings increased 16.4%.
As of the end of the quarter Tower Research Capital LLC (trc) had disposed of 120 shares trimming its stake by 34.7%. The value of the investment in CCRC went from $5,000 to $3,000 decreasing 40.0% since the last quarter. As of quarter end Spark Investment Management LLC had sold a total of 22,500 shares trimming its position 57.3%. The value of the company’s investment in China Customer Relations Center decreased from $535,000 to $239,000 a change of 55.3% quarter to quarter.
The most current P/E ratio is 27.76 and market cap is 228.93M.
China Customer Relations Centers, Inc., launched on March 6, 2014, is a business process outsourcing (BPO) service provider focusing on the complex, voice-based segment of customer care services, including customer relationship management, technical support, sales, customer retention, marketing surveys and research for certain major enterprises in the People’s Republic of China (PRC). The Business’s customers are the provincial subsidiaries of various telecommunications carriers in the PRC. It also provides outsourcing services to its clients whereby they can lease its employees to work at their offices. The Company operates its business through contractual arrangements between its subsidiary, wholly foreign owned enterprise (WFOE) and its variable interest entity, Shandong Taiying Technology Co., Ltd (Taiying). Its line of services includes Inbound Customer Care Service and Outbound Customer Care Service..