SunCar Technology Group Inc. (NASDAQ:SDA – Get Free Report) experienced a decline in its stock price before trading on Wednesday. The stock closed at $8.47 but opened at $8.30. On Tuesday, SunCar Technology Group shares last traded at $8.35, with a volume of 31,157 shares changing hands. The company’s fifty-day moving average is $8.06 and its 200-day moving average is $7.64.
SunCar Technology Group Inc provides digitalized automotive after-sales service and online insurance intermediation services in the People’s Republic of China through its subsidiaries. The company operates through three segments: Insurance Intermediation Business; Automotive After-Sales Business; and Technology Business. Its Insurance Intermediation Business segment provides insurance products and services to customers through online channels, while its Automotive After-Sales Business segment offers a range of after-sales services for cars, including maintenance, repair, and replacement of parts. Its Technology Business segment includes software development services related to automotive after-sales and insurance intermediation businesses, as well as cloud computing services related to these businesses.
