Uxin (NASDAQ:UXIN) Shares Up 5.3% - Should You Buy?

Key Points

• Uxin's share price increased by 5.3% during trading, reaching a high of $3.67.
• The company reported a negative earnings per share (EPS) of ($0.03) for the last quarter, with a revenue of $69.48 million.
• Wall Street Zen upgraded Uxin to a "hold" rating on July 18th, reflecting analysts' growing interest in the stock.

Uxin Limited Sponsored ADR (NASDAQ:UXIN - Get Free Report)'s share price traded up 5.3% on Friday . The stock traded as high as $3.56 and last traded at $3.67. 48,048 shares changed hands during trading, a decline of 13% from the average session volume of 55,137 shares. The stock had previously closed at $3.48.

Analyst Upgrades and Downgrades

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

Uxin Price Performance

The firm has a 50-day simple moving average of $4.06 and a two-hundred day simple moving average of $4.24. The company has a market cap of $695.55 million, a PE ratio of -18.43 and a beta of 1.32.

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

Institutional Investors Weigh In On Uxin

An institutional investor recently bought a new position in Uxin stock. XTX Topco Ltd acquired a new position in shares of Uxin Limited Sponsored ADR (NASDAQ:UXIN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 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.

Uxin Company Profile

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.