Uxin (NASDAQ:UXIN) Trading Down 7.1% – What’s Next?

Uxin Limited (NASDAQ:UXIN)’s stock price dropped 7.1% during mid-day trading on Wednesday . The stock traded as low as $4.55 and last traded at $4.50. Approximately 92,126 shares traded hands during trading, an increase of 28% from the average daily volume of 71,728 shares. The stock had previously closed at $4.84.

Uxin Price Performance

The company has a market cap of $892.15 million, a P/E ratio of -0.23 and a beta of 1.34. The company has a 50 day moving average of $4.47 and a 200-day moving average of $3.92.

Uxin (NASDAQ:UXIN) last released its quarterly earnings results on Monday, November 25th. The company reported ($0.04) earnings per share for the quarter. Uxin had a negative net margin of 20.57% and a negative return on equity of 248.43%.

Institutional Investors Weigh In On Uxin

An institutional investor recently bought a new position in Uxin stock. Advisors Preferred LLC acquired a new position in Uxin Limited (NASDAQ:UXIN) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 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.

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.