Dada Nexus Limited (NASDAQ:DADA - Get Free Report) shares traded down 4% during trading on Tuesday . The company traded as low as $2.06 and last traded at $2.07. 967,380 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 2,007,660 shares. The stock had previously closed at $2.15.
Dada Nexus Stock Performance
The business has a 50-day moving average price of $1.94 and a 200 day moving average price of $1.71. The stock has a market capitalization of $519.07 million, a P/E ratio of -1.81 and a beta of 1.33.
Dada Nexus (NASDAQ:DADA - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $338.25 million during the quarter. Dada Nexus had a negative net margin of 20.95% and a negative return on equity of 12.70%.
Institutional Investors Weigh In On Dada Nexus
A number of institutional investors have recently bought and sold shares of DADA. MASO CAPITAL PARTNERS Ltd bought a new position in shares of Dada Nexus during the 1st quarter valued at about $9,846,000. Rovida Investment Management Ltd purchased a new position in Dada Nexus during the fourth quarter valued at approximately $5,536,000. OMERS ADMINISTRATION Corp purchased a new position in Dada Nexus in the first quarter worth $4,728,000. Bank of America Corp DE grew its holdings in Dada Nexus by 1,362.9% in the fourth quarter. Bank of America Corp DE now owns 2,326,212 shares of the company's stock worth $2,815,000 after purchasing an additional 2,167,196 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Dada Nexus by 20.5% during the fourth quarter. Renaissance Technologies LLC now owns 1,362,900 shares of the company's stock worth $1,649,000 after buying an additional 232,100 shares during the period. Hedge funds and other institutional investors own 59.25% of the company's stock.
About Dada Nexus
(
Get Free Report)
Dada Nexus Limited operates a platform of local on-demand retail and delivery in the People's Republic of China. It operates Dada Now, a local on-demand delivery platform that provides intra-city delivery and last-mile delivery services on an on-demand basis to chain merchants, small- and medium-sized enterprise merchants, and individual senders; and JDDJ, a local on-demand retail platforms for consumers, retailers, and brand owners.
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