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

Uxin Limited (NASDAQ:UXIN)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $4.60, but opened at $4.94. Uxin shares last traded at $4.70, with a volume of 10,086 shares.

Uxin Stock Down 0.9%

The stock has a market cap of $854.56 million, a price-to-earnings ratio of -0.22 and a beta of 1.37. The company’s 50-day moving average is $4.24 and its 200-day moving average is $4.39.

Uxin (NASDAQ:UXIN) last posted 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 business had revenue of $81.76 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Uxin stock. XTX Topco Ltd acquired a new position in shares of Uxin Limited (NASDAQ:UXIN) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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.