Uxin (NASDAQ:UXIN) Shares Gap Down – Here’s Why

Uxin Limited (NASDAQ:UXIN)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $4.09, but opened at $4.00. Uxin shares last traded at $4.07, with a volume of 338 shares trading hands.

Uxin Trading Down 1.8 %

The company has a market capitalization of $754.08 million, a PE ratio of -0.20 and a beta of 1.20. The stock’s fifty day moving average is $4.38 and its two-hundred day moving average is $4.36.

Institutional Investors Weigh In On Uxin

An institutional investor recently bought a new position in Uxin stock. Advisors Preferred LLC purchased a new position in shares of Uxin Limited (NASDAQ:UXIN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,748 shares of the company’s stock, valued at approximately $27,000. 22.41% of the stock is currently owned by institutional investors and hedge funds.

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.