Uxin (NASDAQ:UXIN) Trading Up 0.3% - Time to Buy?

Key Points

• Uxin (NASDAQ:UXIN) saw a slight increase of 0.3% in its stock price, trading at $3.83 after reaching a high of $3.96 during the day.
• Wall Street analysts have upgraded Uxin's rating to "hold", suggesting potential positive sentiment towards the company's future performance.
• Uxin reported a negative net margin of 12.86% and a negative return on equity of 498.99%, highlighting ongoing financial challenges despite a revenue of $69.48 million.

Uxin Limited Sponsored ADR (NASDAQ:UXIN - Get Free Report) was up 0.3% on Monday . The company traded as high as $3.96 and last traded at $3.83. Approximately 78,786 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 129,000 shares. The stock had previously closed at $3.82.

Wall Street Analysts Forecast Growth

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

Uxin Stock Up 0.3%

The firm has a market cap of $720.00 million, a price-to-earnings ratio of -19.15 and a beta of 1.32. The stock has a fifty day moving average price of $4.00 and a 200-day moving average price of $4.21.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Uxin stock. XTX Topco Ltd acquired a new position 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 & Exchange Commission. The institutional investor acquired 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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.