Uxin (NASDAQ:UXIN) Stock Price Down 7.1% – Time to Sell?

Uxin Limited Sponsored ADR (NASDAQ:UXIN) shares dropped 7.1% on Tuesday . The stock traded as low as $2.93 and last traded at $2.9160. Approximately 44,483 shares changed hands during trading, a decline of 79% from the average daily volume of 207,193 shares. The stock had previously closed at $3.14.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Uxin in a research note on Friday, April 10th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $4.50.

Uxin Stock Performance

The stock’s 50-day simple moving average is $3.24 and its 200 day simple moving average is $3.19. The company has a market capitalization of $539.52 million, a PE ratio of -15.11 and a beta of 0.89.

About Uxin

Uxin Limited is a China-based online and offline used car e-commerce platform that connects vehicle buyers and sellers through an integrated digital marketplace. Headquartered in Beijing, the company operates a network of physical used-car malls alongside its proprietary online platform, enabling customers to browse, inspect and purchase pre-owned vehicles with transparency and convenience.

The company’s core business activities encompass sourcing, quality assurance and distribution of used vehicles.