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ATRenew (NYSE:RERE) Sees Unusually-High Trading Volume

ATRenew Inc. (NYSE:RERE - Get Free Report) shares saw an uptick in trading volume on Monday . 761,534 shares traded hands during trading, an increase of 16% from the previous session's volume of 655,308 shares.The stock last traded at $2.31 and had previously closed at $2.26.

ATRenew Stock Performance

The firm has a market cap of $575.73 million, a P/E ratio of -23.40 and a beta of -0.25. The firm's fifty day moving average is $1.62 and its 200 day moving average is $1.54.

ATRenew (NYSE:RERE - Get Free Report) last issued its quarterly earnings data on Tuesday, March 12th. The company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $545.58 million during the quarter. ATRenew had a positive return on equity of 2.61% and a negative net margin of 1.20%. As a group, equities research analysts forecast that ATRenew Inc. will post 0.04 EPS for the current year.

Hedge Funds Weigh In On ATRenew

An institutional investor recently bought a new position in ATRenew stock. IvyRock Asset Management HK Ltd acquired a new stake in ATRenew Inc. (NYSE:RERE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 35,000 shares of the company's stock, valued at approximately $67,000. ATRenew accounts for about 0.0% of IvyRock Asset Management HK Ltd's investment portfolio, making the stock its 18th largest holding. Institutional investors own 19.29% of the company's stock.

ATRenew Company Profile

(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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