Uxin (NASDAQ:UXIN) Shares Up 2.6% - Still a Buy?

Key Points

• Uxin Limited's shares increased by 2.6% during trading, closing at $3.55, despite a reduction in trading volume to 229,946 shares.
• Wall Street Zen upgraded Uxin to a "hold" rating, indicating a potential stabilization in investor sentiment.
• A hedge fund, XTX Topco Ltd, acquired a new stake in Uxin, purchasing 15,052 shares valued at approximately $60,000, contributing to institutional investors owning 22.41% of the company's stock.

Shares of Uxin Limited Sponsored ADR (NASDAQ:UXIN - Get Free Report) traded up 2.6% during trading on Tuesday . The company traded as high as $3.58 and last traded at $3.55. 229,946 shares changed hands during trading, a decline of 13% from the average session volume of 264,347 shares. The stock had previously closed at $3.46.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Uxin to a "hold" rating in a research note on Friday, July 18th.

Uxin Trading Up 2.6%

The firm has a 50-day moving average of $3.79 and a 200 day moving average of $4.03. The stock has a market capitalization of $667.36 million, a price-to-earnings ratio of -17.75 and a beta of 1.55.

Institutional Inflows and Outflows

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) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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

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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