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

Uxin logo with Computer and Technology background

Shares of Uxin Limited Sponsored ADR (NASDAQ:UXIN - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $3.75, but opened at $3.88. Uxin shares last traded at $3.86, with a volume of 10,383 shares changing hands.

Uxin Price Performance

The stock has a market cap of $689.92 million, a price-to-earnings ratio of -18.35 and a beta of 1.26. The company's fifty day moving average price is $4.18 and its 200-day moving average price is $4.27.

Uxin (NASDAQ:UXIN - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $69.48 million for the quarter.

Hedge Funds Weigh In On Uxin

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

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.

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