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Uxin (NASDAQ:UXIN) Trading Up 10.7% - Here's Why

Uxin logo with Computer and Technology background

Uxin Limited Sponsored ADR (NASDAQ:UXIN - Get Free Report)'s share price traded up 10.7% on Wednesday . The stock traded as high as $3.65 and last traded at $3.79. 36,306 shares changed hands during trading, a decline of 17% from the average session volume of 43,903 shares. The stock had previously closed at $3.42.

Uxin Trading Up 6.0%

The company has a market capitalization of $733.16 million, a price-to-earnings ratio of -19.50 and a beta of 1.26. The firm's 50 day moving average price is $4.21 and its two-hundred day moving average price is $4.27.

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

Institutional Trading of Uxin

A hedge fund recently bought a new stake in Uxin stock. XTX Topco Ltd bought a new position in shares of Uxin Limited Sponsored ADR (NASDAQ:UXIN - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 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.

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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