Uxin (NASDAQ:UXIN) Stock Price Up 5.8% - Time to Buy?

Key Points

• Uxin Limited's shares rose by 5.8% during mid-day trading, reaching a high of $3.51 before closing at $3.45, despite a 36% decline in trading volume compared to the average.
• Analysts at Wall Street Zen upgraded Uxin to a "hold" rating on July 18th, signaling potential stability for investors.
• Institutional investors now own 22.41% of Uxin's stock, with XTX Topco Ltd recently acquiring 15,052 shares valued at approximately $60,000.

Uxin Limited Sponsored ADR (NASDAQ:UXIN - Get Free Report)'s stock price was up 5.8% during trading on Wednesday . The company traded as high as $3.51 and last traded at $3.45. Approximately 52,755 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 82,908 shares. The stock had previously closed at $3.26.

Wall Street Analysts Forecast Growth

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

Uxin Trading Up 9.3%

The stock's 50 day moving average price is $3.85 and its two-hundred day moving average price is $4.04. The firm has a market capitalization of $729.40 million, a PE ratio of -19.40 and a beta of 1.55.

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) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 15,052 shares of the company's stock, valued at approximately $60,000. 22.41% of the stock is currently owned by institutional investors and hedge funds.

About Uxin

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.