ATRenew Inc. Sponsored ADR (NYSE:RERE - Get Free Report) shares saw an uptick in trading volume on Tuesday . 2,103,306 shares changed hands during trading, an increase of 74% from the previous session's volume of 1,210,770 shares.The stock last traded at $3.60 and had previously closed at $3.68.
Analyst Ratings Changes
Separately, Wall Street Zen cut shares of ATRenew from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th.
Check Out Our Latest Analysis on ATRenew
ATRenew Trading Down 6.9%
The firm has a fifty day simple moving average of $3.06 and a 200 day simple moving average of $2.86. The stock has a market cap of $823.79 million, a price-to-earnings ratio of 48.26 and a beta of 0.20.
ATRenew (NYSE:RERE - Get Free Report) last issued its earnings results on Tuesday, May 20th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The firm had revenue of $641.26 million during the quarter, compared to analyst estimates of $4.62 billion. ATRenew had a net margin of 0.73% and a return on equity of 8.91%. On average, equities analysts expect that ATRenew Inc. Sponsored ADR will post 0.09 earnings per share for the current year.
ATRenew declared that its board has approved a share repurchase program on Monday, June 30th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.
Institutional Trading of ATRenew
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PFG Investments LLC bought a new position in ATRenew during the first quarter worth about $40,000. Two Sigma Investments LP raised its holdings in shares of ATRenew by 38.2% in the 4th quarter. Two Sigma Investments LP now owns 108,516 shares of the company's stock worth $313,000 after buying an additional 30,000 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in shares of ATRenew during the 1st quarter worth approximately $33,000. Bank of America Corp DE boosted its stake in ATRenew by 46.3% in the 4th quarter. Bank of America Corp DE now owns 578,457 shares of the company's stock valued at $1,666,000 after buying an additional 183,201 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in ATRenew in the 4th quarter valued at $50,000. Institutional investors own 19.29% of the company's stock.
ATRenew Company Profile
(
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ATRenew Inc, through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras; and vintage bags, watches, liquor, gold, and various household goods through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms.
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