Uxin (NASDAQ:UXIN) Stock Price Down 5.1% - Here's Why

Key Points

• Uxin Limited's share price fell by 5.1% to $3.43, significantly lower than its previous close of $3.61, with trading volume down 59% from average levels.
• Analysts at Wall Street Zen have upgraded Uxin to a "hold" rating, potentially reflecting a cautious outlook amidst recent stock price declines.
• Uxin reported a negative EPS of ($0.03) for the last quarter, along with a revenue of $69.48 million, highlighting ongoing financial struggles with a net margin of -12.86%.

Uxin Limited Sponsored ADR (NASDAQ:UXIN - Get Free Report) was down 5.1% during trading on Friday . The company traded as low as $3.49 and last traded at $3.43. Approximately 33,472 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 82,028 shares. The stock had previously closed at $3.61.

Analyst Ratings Changes

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

Uxin Stock Up 8.3%

The company's fifty day moving average is $3.88 and its two-hundred day moving average is $4.05. The stock has a market cap of $663.60 million, a price-to-earnings ratio of -17.65 and a beta of 1.55.

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 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 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

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.