Uxin (NASDAQ:UXIN) Shares Gap Up – What’s Next?

Uxin Limited (NASDAQ:UXIN)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $3.84, but opened at $3.99. Uxin shares last traded at $3.91, with a volume of 2,485 shares changing hands.

Uxin Trading Up 5.6%

The company has a 50-day simple moving average of $4.28 and a 200 day simple moving average of $4.34. The company has a market cap of $819.62 million, a P/E ratio of -0.21 and a beta of 1.31.

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

Hedge Funds Weigh In On Uxin

A hedge fund recently bought a new stake in Uxin stock. XTX Topco Ltd purchased a new stake in shares of Uxin Limited (NASDAQ:UXIN) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,052 shares of the company’s stock, valued at approximately $60,000. Institutional investors own 22.41% of the company’s stock.

About Uxin

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.