ATRenew (NYSE:RERE) Sees Large Volume Increase

Shares of ATRenew Inc. (NYSE:RERE) saw unusually-high trading volume on Monday . Approximately 761,534 shares traded hands during mid-day trading, an increase of 16% from the previous session’s volume of 655,308 shares.The stock last traded at $2.31 and had previously closed at $2.26.

ATRenew Stock Performance

The firm’s 50-day moving average is $1.67 and its two-hundred day moving average is $1.55. The stock has a market cap of $609.29 million, a P/E ratio of -25.20 and a beta of -0.25.

ATRenew (NYSE:RERE) last posted its quarterly earnings data on Tuesday, March 12th. The company reported $0.03 earnings per share for the quarter. ATRenew had a negative net margin of 1.20% and a positive return on equity of 2.61%. The firm had revenue of $545.58 million during the quarter. As a group, research analysts forecast that ATRenew Inc. will post 0.04 EPS for the current year.

Institutional Trading of ATRenew

A hedge fund recently bought a new stake in ATRenew stock. IvyRock Asset Management HK Ltd bought a new position in shares of ATRenew Inc. (NYSE:RERE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 35,000 shares of the company’s stock, valued at approximately $67,000. ATRenew accounts for 0.0% of IvyRock Asset Management HK Ltd’s portfolio, making the stock its 18th largest holding. 19.29% of the stock is owned by institutional investors and hedge funds.

About ATRenew

ATRenew Inc, through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras; and vintage bags, watches, liquor, gold, and various household goods through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms.