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Uxin (NASDAQ:UXIN) Shares Gap Down - Here's Why

Uxin logo with Computer and Technology background

Uxin Limited Sponsored ADR (NASDAQ:UXIN - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $5.10, but opened at $4.91. Uxin shares last traded at $4.95, with a volume of 30,753 shares changing hands.

Uxin Trading Down 4.4%

The stock has a 50-day simple moving average of $4.14 and a 200-day simple moving average of $4.27. The company has a market capitalization of $847.83 million, a price-to-earnings ratio of -22.63 and a beta of 1.26.

Uxin (NASDAQ:UXIN - Get Free Report) last announced its earnings results on Thursday, June 12th. The company reported ($0.03) earnings per share (EPS) for the quarter. Uxin had a negative net margin of 12.86% and a negative return on equity of 498.99%. The business had revenue of $69.48 million during the quarter.

Institutional Investors Weigh In On Uxin

An institutional investor recently bought a new position in Uxin stock. XTX Topco Ltd purchased a new stake in shares of Uxin Limited Sponsored ADR (NASDAQ:UXIN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,052 shares of the company's stock, valued at approximately $60,000. Hedge funds and other institutional investors own 22.41% of the company's stock.

Uxin Company Profile

(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.

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