ATRenew Inc. Sponsored ADR (NYSE:RERE - Get Free Report) shares were up 4.8% on Wednesday . The stock traded as high as $3.10 and last traded at $3.14. Approximately 560,222 shares traded hands during trading, a decline of 45% from the average daily volume of 1,018,710 shares. The stock had previously closed at $2.99.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen cut shares of ATRenew from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 21st.
View Our Latest Report on ATRenew
ATRenew Price Performance
The company's 50-day moving average is $2.63 and its two-hundred day moving average is $2.77. The firm has a market cap of $849.89 million, a P/E ratio of 49.79 and a beta of 0.09.
ATRenew (NYSE:RERE - Get Free Report) last posted 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 company had revenue of $641.26 million during the quarter, compared to the consensus estimate of $4.62 billion. ATRenew had a return on equity of 8.91% and a net margin of 0.73%. On average, analysts expect that ATRenew Inc. Sponsored ADR will post 0.09 EPS for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC raised its holdings in ATRenew by 27.4% during the 1st quarter. Acadian Asset Management LLC now owns 2,692,149 shares of the company's stock worth $7,899,000 after purchasing an additional 579,334 shares during the last quarter. Caxton Associates LLP bought a new position in ATRenew during the 1st quarter worth approximately $114,000. Eschler Asset Management LLP raised its holdings in ATRenew by 163.6% during the 1st quarter. Eschler Asset Management LLP now owns 226,700 shares of the company's stock worth $666,000 after purchasing an additional 140,700 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in ATRenew by 15.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 66,119 shares of the company's stock worth $194,000 after purchasing an additional 9,094 shares during the last quarter. Finally, Harber Asset Management LLC raised its holdings in ATRenew by 0.6% during the 1st quarter. Harber Asset Management LLC now owns 1,254,530 shares of the company's stock worth $3,688,000 after purchasing an additional 7,750 shares during the last quarter. 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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