Uxin (NASDAQ:UXIN) Shares Gap Down – Should You Sell?

Uxin Limited (NASDAQ:UXINGet Free Report)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $4.08, but opened at $3.95. Uxin shares last traded at $4.21, with a volume of 9,948 shares traded.

Uxin Price Performance

The business has a fifty day moving average price of $4.18 and a two-hundred day moving average price of $4.53. The firm has a market cap of $773.80 million, a PE ratio of -0.20 and a beta of 1.29.

Institutional Trading of Uxin

A hedge fund recently bought a new stake in Uxin stock. Advisors Preferred LLC purchased a new position in shares of Uxin Limited (NASDAQ:UXINFree Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 5,748 shares of the company’s stock, valued at approximately $27,000. 22.41% of the stock is currently owned by hedge funds and other institutional investors.

About Uxin

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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.

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