Uxin (NASDAQ:UXIN) Trading Down 4.9% – Here’s Why

Uxin Limited Sponsored ADR (NASDAQ:UXIN)’s share price traded down 4.9% during mid-day trading on Monday . The company traded as low as $1.70 and last traded at $1.73. 165,182 shares were traded during trading, a decline of 61% from the average session volume of 426,704 shares. The stock had previously closed at $1.82.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on UXIN. Weiss Ratings reissued a “sell (e+)” rating on shares of Uxin in a report on Wednesday, July 8th. Wall Street Zen lowered Uxin from a “hold” rating to a “sell” rating in a report on Saturday, June 20th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.50.

Uxin Price Performance

The stock has a market cap of $360.37 million, a price-to-earnings ratio of -8.02 and a beta of 0.85. The company’s 50 day moving average is $2.08 and its 200 day moving average is $2.91.

Uxin (NASDAQ:UXIN) last issued its earnings results on Tuesday, June 16th. The company reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $155.72 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.