Uxin (NASDAQ:UXIN) Trading Up 7.4% – Should You Buy?

Uxin Limited (NASDAQ:UXIN) shot up 7.4% during mid-day trading on Monday . The stock traded as high as $3.99 and last traded at $4.02. 8,324 shares changed hands during trading, a decline of 98% from the average session volume of 526,490 shares. The stock had previously closed at $3.74.

Uxin Price Performance

The firm has a market capitalization of $776.38 million, a price-to-earnings ratio of -0.20 and a beta of 1.31. The business’s fifty day simple moving average is $4.27 and its 200 day simple moving average is $4.34.

Uxin (NASDAQ:UXIN) last announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.03) earnings per share (EPS) for the quarter. Uxin had a negative return on equity of 248.43% and a negative net margin of 20.57%. The firm had revenue of $81.76 million during the quarter.

Hedge Funds Weigh In On Uxin

An institutional investor recently bought a new position in Uxin stock. XTX Topco Ltd acquired a new stake in shares of Uxin Limited (NASDAQ:UXIN) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 15,052 shares of the company’s stock, valued at approximately $60,000. Hedge funds and other institutional investors own 22.41% of the company’s stock.

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.