Uxin (NASDAQ:UXIN) Shares Up 5.8% - Should You 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.

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

Analysts Set New Price Targets

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

Uxin Trading Up 9.3%

The firm has a market cap of $729.40 million, a price-to-earnings ratio of -19.40 and a beta of 1.55. The company's 50-day moving average is $3.85 and its 200-day moving average is $4.04.

Institutional Trading of Uxin

A hedge fund recently bought a new stake in Uxin stock. XTX Topco Ltd bought a new stake in Uxin Limited Sponsored ADR (NASDAQ:UXIN - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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.

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.