Uxin (NASDAQ:UXIN) Shares Gap Up to $2.96

Uxin Limited (NASDAQ:UXIN)’s share price gapped up prior to trading on Friday . The stock had previously closed at $2.96, but opened at $3.26. Uxin shares last traded at $3.03, with a volume of 27,625 shares trading hands.

The company has a market capitalization of $1.07 billion, a PE ratio of -20.64 and a beta of 0.25. The company’s 50 day simple moving average is $3.30 and its 200 day simple moving average is $2.94.

Uxin (NASDAQ:UXIN) last announced its quarterly earnings results on Friday, July 30th. The company reported ($0.02) EPS for the quarter. The business had revenue of $29.91 million for the quarter.

Institutional investors and hedge funds have recently made changes to their positions in the company. American Century Companies Inc. purchased a new position in shares of Uxin during the second quarter worth approximately $41,000. XTX Topco Ltd purchased a new position in shares of Uxin during the second quarter worth approximately $80,000. PEAK6 Investments LLC purchased a new position in shares of Uxin during the second quarter worth approximately $87,000. UBS Group AG grew its position in shares of Uxin by 75.6% during the first quarter. UBS Group AG now owns 22,853 shares of the company’s stock worth $27,000 after acquiring an additional 9,838 shares during the last quarter. Finally, Boston Private Wealth LLC purchased a new position in shares of Uxin during the first quarter worth approximately $29,000. Institutional investors and hedge funds own 20.74% of the company’s stock.

About Uxin (NASDAQ:UXIN)

Uxin Ltd. operates an online used car transaction services platform. It offers used car online auction, online retail, and financial derivative services. The company was founded by Dai Kun on August 11, 2011 and is headquartered in Beijing, China.

Further Reading: Cost of Goods Sold (COGS)

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