Uxin (NASDAQ:UXIN) Stock Price Down 6.9% – Here’s Why

Uxin Limited Sponsored ADR (NASDAQ:UXIN) was down 6.9% during trading on Monday . The company traded as low as $3.10 and last traded at $3.1370. Approximately 476,594 shares were traded during trading, an increase of 39% from the average daily volume of 343,950 shares. The stock had previously closed at $3.37.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wall Street Zen raised shares of Uxin from a “sell” rating to a “hold” rating in a research note on Saturday, December 20th. Deutsche Bank Aktiengesellschaft set a $4.50 price target on Uxin and gave the company a “buy” rating in a report on Monday, December 22nd. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Uxin in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $4.50.

Uxin Stock Up 1.0%

The company has a market capitalization of $586.53 million, a P/E ratio of -15.60 and a beta of 1.52. The firm has a fifty day simple moving average of $3.32 and a 200-day simple moving average of $3.36.

Uxin (NASDAQ:UXIN) last announced its earnings results on Thursday, December 18th. The company reported ($0.03) EPS for the quarter. The business had revenue of $123.51 million for the quarter.

Uxin Company Profile

Uxin Limited is a China-based online and offline used car e-commerce platform that connects vehicle buyers and sellers through an integrated digital marketplace. Headquartered in Beijing, the company operates a network of physical used-car malls alongside its proprietary online platform, enabling customers to browse, inspect and purchase pre-owned vehicles with transparency and convenience.

The company’s core business activities encompass sourcing, quality assurance and distribution of used vehicles.