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Uxin (NASDAQ:UXIN) Trading 4.8% Higher - Here's What Happened

Uxin logo with Computer and Technology background

Shares of Uxin Limited Sponsored ADR (NASDAQ:UXIN - Get Free Report) rose 4.8% during trading on Friday . The company traded as high as $4.05 and last traded at $4.03. Approximately 35,284 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 526,664 shares. The stock had previously closed at $3.84.

Uxin Stock Performance

The company has a market cap of $837.50 million, a PE ratio of -22.28 and a beta of 1.26. The stock's 50 day moving average price is $4.13 and its 200-day moving average price is $4.26.

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

Institutional Investors Weigh In On Uxin

A hedge fund recently bought a new stake in Uxin stock. XTX Topco Ltd acquired 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. The firm acquired 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

(Get Free Report)

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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