Uxin (NASDAQ:UXIN) Shares Gap Down – Here’s What Happened

Uxin Limited (NASDAQ:UXIN)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $4.40, but opened at $4.28. Uxin shares last traded at $4.40, with a volume of 606 shares changing hands.

Uxin Stock Performance

The stock has a 50 day moving average of $4.25 and a two-hundred day moving average of $4.40. The firm has a market capitalization of $826.39 million, a P/E ratio of -0.22 and a beta of 1.37.

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

Institutional Trading of Uxin

A hedge fund recently bought a new stake in Uxin stock. Advisors Preferred LLC acquired a new position in shares of Uxin Limited (NASDAQ:UXIN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,748 shares of the company’s stock, valued at approximately $27,000. 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.