Uxin (NASDAQ:UXIN) Trading Down 3.7% – Here’s What Happened

Uxin Limited (NASDAQ:UXIN) was down 3.7% during trading on Wednesday . The stock traded as low as $4.18 and last traded at $4.16. Approximately 1,116 shares traded hands during trading, a decline of 100% from the average daily volume of 538,632 shares. The stock had previously closed at $4.32.

Uxin Price Performance

The firm has a market cap of $796.34 million, a P/E ratio of -0.21 and a beta of 1.20. The stock’s 50-day simple moving average is $4.33 and its two-hundred day simple moving average is $4.45.

Institutional Trading of Uxin

An institutional investor recently bought a new position in Uxin stock. Advisors Preferred LLC bought a new stake in shares of Uxin Limited (NASDAQ:UXIN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,748 shares of the company’s stock, valued at approximately $27,000. 22.41% of the stock is owned by hedge funds and other 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.