Uxin (NASDAQ:UXIN) Shares Down 1.3%

Uxin Limited (NASDAQ:UXIN) was down 1.3% during mid-day trading on Thursday . The company traded as low as $1.58 and last traded at $1.58. Approximately 6,955 shares traded hands during trading, a decline of 90% from the average daily volume of 66,863 shares. The stock had previously closed at $1.60.

Uxin Price Performance

The stock’s 50-day moving average is $1.95 and its 200-day moving average is $2.16. The stock has a market cap of $7.43 million, a price-to-earnings ratio of -0.10 and a beta of 1.08.

Uxin (NASDAQ:UXIN) last announced its quarterly earnings results on Wednesday, July 31st. The company reported ($0.95) earnings per share for the quarter. The company had revenue of $44.20 million during the quarter. Uxin had a negative net margin of 47.12% and a negative return on equity of 133.07%.

Hedge Funds Weigh In On Uxin

An institutional investor recently bought a new position in Uxin stock. Allspring Global Investments Holdings LLC purchased a new position in shares of Uxin Limited (NASDAQ:UXIN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 616,766 shares of the company’s stock, valued at approximately $432,000. Allspring Global Investments Holdings LLC owned 13.12% of Uxin at the end of the most recent reporting period. Institutional investors and hedge funds 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.