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

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)'s share price dropped 5.1% during mid-day trading on Friday . The stock traded as low as $3.49 and last traded at $3.43. Approximately 33,472 shares changed hands during trading, a decline of 59% from the average daily volume of 82,028 shares. The stock had previously closed at $3.61.

Analyst Upgrades and Downgrades

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

Uxin Stock Down 4.8%

The company has a 50-day simple moving average of $3.91 and a two-hundred day simple moving average of $4.07. The firm has a market cap of $646.12 million, a PE ratio of -17.20 and a beta of 1.55.

Uxin (NASDAQ:UXIN - Get Free Report) last issued its quarterly earnings results on Thursday, June 12th. The company reported ($0.03) EPS for the quarter. Uxin had a negative net margin of 12.86% and a negative return on equity of 498.99%. The firm had revenue of $69.48 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Uxin stock. XTX Topco Ltd purchased a new stake in shares of Uxin Limited Sponsored ADR (NASDAQ:UXIN - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 15,052 shares of the company's stock, valued at approximately $60,000. 22.41% of the stock is currently owned by hedge funds and other institutional investors.

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.

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