Uxin (NASDAQ:UXIN) Stock Price Down 7.4% – Here’s What Happened

Uxin Limited (NASDAQ:UXIN) shares traded down 7.4% during trading on Tuesday . The company traded as low as $4.45 and last traded at $4.51. 43,338 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 65,162 shares. The stock had previously closed at $4.87.

Uxin Price Performance

The firm has a fifty day moving average of $4.43 and a 200 day moving average of $3.76. The stock has a market capitalization of $872.42 million, a price-to-earnings ratio of -0.23 and a beta of 1.34.

Uxin (NASDAQ:UXIN) last released its quarterly earnings results on Monday, November 25th. The company reported ($0.04) EPS for the quarter. Uxin had a negative net margin of 20.57% and a negative return on equity of 248.43%.

Hedge Funds Weigh In On Uxin

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

About Uxin

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.