Uxin (NASDAQ:UXIN) Stock Price Up 0.3% - Here's Why

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) shares rose 0.3% during trading on Monday . The company traded as high as $3.96 and last traded at $3.83. Approximately 78,786 shares were traded 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.

Analyst Upgrades and Downgrades

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

Uxin Price Performance

The stock has a 50-day simple moving average of $4.00 and a 200-day simple moving average of $4.21. The stock has a market cap of $702.14 million, a PE ratio of -18.70 and a beta of 1.32.

Uxin (NASDAQ:UXIN - Get Free Report) last released its quarterly earnings results on Thursday, June 12th. The company reported ($0.03) earnings per share for the quarter. Uxin had a negative return on equity of 498.99% and a negative net margin of 12.86%. The firm 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 shares of Uxin Limited Sponsored ADR (NASDAQ:UXIN - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,052 shares of the company's stock, valued at approximately $60,000. 22.41% of the stock is 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.