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Uxin (NASDAQ:UXIN) Sees Strong Trading Volume - Time to Buy?

Uxin logo with Computer and Technology background

Key Points

  • Uxin Limited saw a 12% increase in trading volume with approximately 106,381 shares traded on Friday, despite the stock price slightly decreasing to $3.47.
  • The company received an upgrade to a "hold" rating from Wall Street Zen, indicating a more positive outlook from analysts.
  • A hedge fund, XTX Topco Ltd, purchased a new stake in Uxin, acquiring 15,052 shares valued at around $60,000, highlighting institutional interest in the stock.
  • Five stocks to consider instead of Uxin.

Uxin Limited Sponsored ADR (NASDAQ:UXIN - Get Free Report) saw unusually-high trading volume on Friday . Approximately 106,381 shares were traded during mid-day trading, an increase of 12% from the previous session's volume of 94,831 shares.The stock last traded at $3.47 and had previously closed at $3.48.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Uxin to a "hold" rating in a report on Friday, July 18th.

Read Our Latest Report on UXIN

Uxin Stock Performance

The stock has a market capitalization of $657.03 million, a P/E ratio of -17.53 and a beta of 1.55. The company's 50-day moving average price is $3.75 and its 200 day moving average price is $4.02.

Hedge Funds Weigh In On Uxin

A hedge fund recently bought a new stake in Uxin stock. XTX Topco Ltd purchased a new stake in Uxin Limited Sponsored ADR (NASDAQ:UXIN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 15,052 shares of the company's stock, valued at approximately $60,000. 22.41% of the stock is currently owned by hedge funds and other institutional investors.

About Uxin

(Get Free Report)

Uxin Limited, an investment holding company, engages in the retail sale of vehicles in China. The company operates an e-commerce platform for buying and selling used cars. It also offers used-car acquisition, inspection, reconditioning, warehousing, pre-sales and after-sales, and various car-related value-added products and services, as well as warranty and repair, delivery, and title transfers and vehicle registration services.

See Also

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