Uxin (NASDAQ:UXIN) Trading Down 9.5% – Here’s Why

Shares of Uxin Limited (NASDAQ:UXINGet Free Report) were down 9.5% during trading on Wednesday . The company traded as low as $4.28 and last traded at $4.30. Approximately 63,446 shares changed hands during trading, a decline of 40% from the average daily volume of 105,439 shares. The stock had previously closed at $4.75.

Uxin Price Performance

The company has a market capitalization of $841.42 million, a price-to-earnings ratio of -0.22 and a beta of 1.34. The firm’s 50-day simple moving average is $4.50 and its two-hundred day simple moving average is $3.34.

Uxin Company Profile

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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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