ATRenew Inc. Sponsored ADR (NYSE:RERE - Get Free Report) saw unusually-high trading volume on Friday . Approximately 1,192,497 shares were traded during mid-day trading, an increase of 40% from the previous session's volume of 854,074 shares.The stock last traded at $3.01 and had previously closed at $2.78.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded shares of ATRenew from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th.
Read Our Latest Report on RERE
ATRenew Price Performance
The company's fifty day moving average price is $2.54 and its 200 day moving average price is $2.77. The company has a market cap of $706.00 million, a PE ratio of 41.36 and a beta of 0.09.
ATRenew (NYSE:RERE - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). ATRenew had a return on equity of 8.91% and a net margin of 0.73%. The company had revenue of $641.26 million for the quarter, compared to analysts' expectations of $4.62 billion. On average, analysts forecast that ATRenew Inc. Sponsored ADR will post 0.09 EPS for the current year.
Institutional Trading of ATRenew
A number of large investors have recently added to or reduced their stakes in RERE. Price T Rowe Associates Inc. MD purchased a new stake in ATRenew during the fourth quarter worth about $6,623,000. Invesco Ltd. increased its holdings in ATRenew by 1,718.6% during the fourth quarter. Invesco Ltd. now owns 1,896,877 shares of the company's stock worth $5,463,000 after buying an additional 1,792,572 shares during the last quarter. Yiheng Capital Management L.P. increased its holdings in ATRenew by 107.7% during the fourth quarter. Yiheng Capital Management L.P. now owns 3,163,117 shares of the company's stock worth $9,110,000 after buying an additional 1,639,859 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in ATRenew by 101.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,636,473 shares of the company's stock worth $4,713,000 after buying an additional 822,998 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. increased its holdings in ATRenew by 31.3% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 3,035,436 shares of the company's stock worth $8,742,000 after buying an additional 724,415 shares during the last quarter. Hedge funds and other institutional investors own 19.29% of the company's stock.
About ATRenew
(
Get Free Report)
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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