Uxin (NASDAQ:UXIN) Shares Gap Up – Here’s Why

Uxin Limited Sponsored ADR (NASDAQ:UXIN)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $3.75, but opened at $3.88. Uxin shares last traded at $3.86, with a volume of 10,383 shares trading hands.

Uxin Price Performance

The stock has a market capitalization of $723.01 million, a PE ratio of -19.35 and a beta of 1.26. The stock has a 50 day moving average of $4.19 and a two-hundred day moving average of $4.27.

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

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) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,052 shares of the company’s stock, valued at approximately $60,000. 22.41% of the stock is currently owned by institutional investors.

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.