Insider Buying: Uxin (NASDAQ:UXIN) Director Purchases $1,049,317.94 in Stock

Uxin Limited Sponsored ADR (NASDAQ:UXIN – Get Free Report) Director Bin (William) Li bought 104,931,794 shares of the business’s stock in a transaction on Wednesday, September 23rd. The shares were bought at an average cost of $0.01 per share, for a total transaction of $1,049,317.94. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Uxin Price Performance

NASDAQ:UXIN opened at $1.09 on Thursday. The stock’s fifty day moving average price is $1.24 and its two-hundred day moving average price is $2.10. The company has a market cap of $235.92 million, a P/E ratio of -5.19 and a beta of 0.84. Uxin Limited Sponsored ADR has a 1 year low of $0.90 and a 1 year high of $4.18.

Uxin (NASDAQ:UXIN – Get Free Report) last issued its quarterly earnings results on Thursday, September 24th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $169.44 million during the quarter.

Wall Street Analyst Weigh In

Several research firms recently weighed in on UXIN. Wall Street Zen cut Uxin from a “hold” rating to a “sell” rating in a research note on Saturday, June 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Uxin in a research note on Wednesday, July 8th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $4.50.

Get Our Latest Research Report on UXIN

Uxin Company Profile

(Get Free Report)

Uxin Limited (NASDAQ: UXIN) is a China-based used automobile retailer and e-commerce company. The company operates an online platform that connects consumers with used vehicles and supports the purchase and sale of cars through digital tools and related transaction services.

Uxin’s business activities have included vehicle sourcing, inspection and reconditioning, pricing information, online listings, sales assistance, and vehicle delivery. The company has also offered services designed to support used-car transactions, such as financing and other automotive-related solutions, subject to applicable regulations and market conditions.

Founded in 2015, Uxin initially developed as an online used-car marketplace before expanding toward an integrated retail model.

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