ATRenew (NYSE:RERE) Sees Unusually-High Trading Volume

Shares of ATRenew Inc. (NYSE:RERE) saw unusually-strong trading volume on Monday . Approximately 1,849,543 shares were traded during trading, an increase of 116% from the previous session’s volume of 856,103 shares.The stock last traded at $2.65 and had previously closed at $2.83.

ATRenew Stock Performance

The stock’s 50-day moving average price is $1.98 and its two-hundred day moving average price is $1.64.

ATRenew (NYSE:RERE) last released its quarterly earnings data on Tuesday, March 12th. The company reported $0.03 EPS for the quarter. The company had revenue of $545.58 million during the quarter. ATRenew had a negative net margin of 1.44% and a positive return on equity of 2.73%. On average, sell-side analysts anticipate that ATRenew Inc. will post 0.23 earnings per share for the current fiscal year.

Institutional Trading of ATRenew

Several institutional investors and hedge funds have recently made changes to their positions in the stock. IvyRock Asset Management HK Ltd purchased a new position in ATRenew in the 4th quarter worth $67,000. Virtu Financial LLC bought a new stake in ATRenew in the 1st quarter worth $134,000. Finally, Lansdowne Partners UK LLP bought a new stake in ATRenew in the 3rd quarter worth $1,174,000. Hedge funds and other institutional investors own 19.29% of the company’s stock.

About ATRenew

ATRenew Inc, through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras; and vintage bags, watches, liquor, gold, and various household goods through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms.