Shares of ATRenew Inc. Sponsored ADR (NYSE:RERE - Get Free Report) saw unusually-high trading volume on Friday . Approximately 1,192,497 shares traded hands 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.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered shares of ATRenew from a "strong-buy" rating to a "buy" rating in a research report on Saturday.
Read Our Latest Research Report on ATRenew
ATRenew Stock Performance
The stock has a fifty day moving average price of $2.54 and a 200-day moving average price of $2.76. The firm has a market capitalization of $701.13 million, a PE ratio of 41.07 and a beta of 0.09.
ATRenew (NYSE:RERE - Get Free Report) last announced its earnings results on Tuesday, May 20th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). ATRenew had a return on equity of 8.91% and a net margin of 0.73%. The business had revenue of $641.26 million for the quarter, compared to analysts' expectations of $4.62 billion. Research analysts expect that ATRenew Inc. Sponsored ADR will post 0.09 earnings per share for the current fiscal year.
Institutional Trading of ATRenew
Hedge funds have recently added to or reduced their stakes in the company. Yiheng Capital Management L.P. increased its stake in shares of 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 purchasing an additional 1,639,859 shares in the last quarter. Prescott Group Capital Management L.L.C. boosted its holdings in ATRenew by 31.3% in the 4th 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. Invesco Ltd. increased its stake in ATRenew by 45.6% during the 1st quarter. Invesco Ltd. now owns 2,760,925 shares of the company's stock worth $8,117,000 after buying an additional 864,048 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of ATRenew by 27.4% during the first quarter. Acadian Asset Management LLC now owns 2,692,149 shares of the company's stock valued at $7,899,000 after acquiring an additional 579,334 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD acquired a new position in shares of ATRenew during the fourth quarter valued at approximately $6,623,000. 19.29% of the stock is owned by hedge funds and other institutional investors.
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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