Uxin (NASDAQ:UXIN) Shares Up 9.3% - Here's Why

Key Points

• Uxin Limited (NASDAQ:UXIN) shares experienced a 9.3% increase in mid-day trading, reaching a high of $3.59 before last trading at $3.61.
• The company reported earnings of ($0.03) per share for the previous quarter, with a revenue of $69.48 million and a negative return on equity of 498.99%.
• Institutional ownership stands at 22.41%, with XTX Topco Ltd recently acquiring a new position of 15,052 shares valued at approximately $60,000.

Shares of Uxin Limited Sponsored ADR (NASDAQ:UXIN - Get Free Report) shot up 9.3% during trading on Thursday . The company traded as high as $3.59 and last traded at $3.61. 117,370 shares were traded during trading, an increase of 43% from the average session volume of 81,946 shares. The stock had previously closed at $3.30.

Analysts Set New Price Targets

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

Uxin Stock Performance

The stock has a market cap of $612.85 million, a P/E ratio of -16.30 and a beta of 1.55. The company's 50 day moving average price is $3.88 and its 200-day moving average price is $4.05.

Hedge Funds Weigh In On Uxin

An institutional investor recently bought a new position in Uxin stock. XTX Topco Ltd purchased a new position in Uxin Limited Sponsored ADR (NASDAQ:UXIN - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,052 shares of the company's stock, valued at approximately $60,000. 22.41% of the stock is currently owned by institutional investors and hedge funds.

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.